Green Brick Partners, Inc. (NASDAQ:GRBK) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Shares of Green Brick Partners (NASDAQ:GRBK) remained flat at $11.50 during mid-day trading on Friday. The stock had a trading volume of 23,848 shares. Green Brick Partners has a 52 week low of $6.84 and a 52 week high of $12.10. The firm has a 50-day moving average price of $10.67 and a 200-day moving average price of $10.03. The firm has a market cap of $564.29 million, a price-to-earnings ratio of 20.95 and a beta of 1.85.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Monday, May 8th. The financial services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.11. The business had revenue of $99.34 million for the quarter, compared to the consensus estimate of $113.90 million. Green Brick Partners had a net margin of 6.56% and a return on equity of 11.23%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, analysts expect that Green Brick Partners will post $0.66 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of Green Brick Partners by 7.1% in the first quarter. American International Group Inc. now owns 14,298 shares of the financial services provider’s stock worth $142,000 after buying an additional 947 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Green Brick Partners by 41.5% in the fourth quarter. Guggenheim Capital LLC now owns 14,724 shares of the financial services provider’s stock worth $148,000 after buying an additional 4,321 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Green Brick Partners during the fourth quarter worth approximately $183,000. Swiss National Bank increased its position in shares of Green Brick Partners by 21.6% in the first quarter. Swiss National Bank now owns 24,200 shares of the financial services provider’s stock worth $241,000 after buying an additional 4,300 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Green Brick Partners by 40.6% in the first quarter. Prudential Financial Inc. now owns 25,290 shares of the financial services provider’s stock worth $252,000 after buying an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.

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