JMP Securities Reiterates Market Perform Rating for Green Brick Partners (NASDAQ:GRBK)

Green Brick Partners (NASDAQ:GRBK)‘s stock had its “market perform” rating reiterated by stock analysts at JMP Securities in a research note issued on Tuesday,Benzinga reports.

Separately, Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Trading Down 2.6 %

Shares of NASDAQ GRBK opened at $69.77 on Tuesday. The stock’s 50 day moving average price is $75.05 and its two-hundred day moving average price is $69.47. Green Brick Partners has a 52-week low of $48.30 and a 52-week high of $84.66. The stock has a market capitalization of $3.10 billion, a P/E ratio of 9.06 and a beta of 1.80. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The company had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $1.56 earnings per share. On average, analysts anticipate that Green Brick Partners will post 8.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Brick Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new position in Green Brick Partners in the 3rd quarter worth approximately $1,352,000. Assenagon Asset Management S.A. lifted its position in Green Brick Partners by 22.0% in the second quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider’s stock worth $4,562,000 after purchasing an additional 14,376 shares during the period. Empowered Funds LLC acquired a new stake in Green Brick Partners in the third quarter worth approximately $4,065,000. Caxton Associates LP acquired a new stake in Green Brick Partners in the second quarter worth approximately $858,000. Finally, SG Americas Securities LLC acquired a new stake in Green Brick Partners in the third quarter worth approximately $679,000. 78.24% of the stock is owned by institutional investors.

About Green Brick Partners

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.