Green Brick Partners (NASDAQ:GRBK) Shares Pass Below 50-Day Moving Average - Here's What Happened

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $66.17 and traded as low as $55.65. Green Brick Partners shares last traded at $55.77, with a volume of 257,352 shares traded.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Down 2.0 %

The stock has a market capitalization of $2.43 billion, a PE ratio of 7.09 and a beta of 1.84. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company's 50-day moving average is $65.75 and its 200 day moving average is $70.35.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. Green Brick Partners's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. As a group, analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GRBK. Inspire Investing LLC raised its holdings in Green Brick Partners by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider's stock valued at $351,000 after buying an additional 221 shares during the period. GAMMA Investing LLC raised its holdings in Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after buying an additional 305 shares during the period. Kendall Capital Management increased its stake in Green Brick Partners by 1.8% during the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider's stock worth $1,024,000 after purchasing an additional 315 shares during the period. Blue Trust Inc. increased its stake in Green Brick Partners by 43.6% during the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider's stock worth $95,000 after purchasing an additional 347 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in Green Brick Partners during the third quarter worth about $29,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.