Green Brick Partners, Inc. (NASDAQ:GRBK) announced its quarterly earnings results on Monday. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09, Bloomberg Earnings reports. The firm had revenue of $104.95 million during the quarter, compared to analysts’ expectations of $115.23 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 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share.

Shares of Green Brick Partners (GRBK) traded down 3.54% on Tuesday, reaching $10.90. 56,182 shares of the company’s stock were exchanged. Green Brick Partners has a 12 month low of $6.84 and a 12 month high of $12.10. The firm’s 50-day moving average price is $11.32 and its 200 day moving average price is $10.27. The company has a market cap of $534.85 million, a price-to-earnings ratio of 19.85 and a beta of 1.84.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. raised its position in shares of Green Brick Partners by 12.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,253,780 shares of the financial services provider’s stock worth $12,475,000 after buying an additional 139,315 shares during the last quarter. Ariel Investments LLC raised its position in shares of Green Brick Partners by 26.8% in the first quarter. Ariel Investments LLC now owns 500,200 shares of the financial services provider’s stock worth $4,977,000 after buying an additional 105,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Green Brick Partners by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 721,359 shares of the financial services provider’s stock worth $7,250,000 after buying an additional 55,597 shares during the last quarter. Howard Hughes Medical Institute raised its position in shares of Green Brick Partners by 15.4% in the first quarter. Howard Hughes Medical Institute now owns 174,275 shares of the financial services provider’s stock worth $1,734,000 after buying an additional 23,300 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Green Brick Partners during the fourth quarter worth about $183,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/08/green-brick-partners-inc-grbk-issues-earnings-results.html.

Separately, BidaskClub cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th.

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.

Earnings History for Green Brick Partners (NASDAQ:GRBK)

Receive News & Ratings for Green Brick Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.