Advisor Resource Council Takes $501,000 Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Advisor Resource Council bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the financial services provider’s stock, valued at approximately $501,000.

A number of other hedge funds have also made changes to their positions in the company. Lakewood Asset Management LLC increased its holdings in Green Brick Partners by 2.2% during the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 160 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Green Brick Partners by 3.7% during the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 221 shares in the last quarter. TBH Global Asset Management LLC raised its position in shares of Green Brick Partners by 3.2% during the 1st quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 279 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Green Brick Partners by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after buying an additional 288 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Green Brick Partners by 20.9% during 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 last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GRBK. B. Riley raised their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wedbush reissued a “neutral” rating and set a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Down 0.9 %

Green Brick Partners stock opened at $71.73 on Thursday. The company has a 50-day simple moving average of $77.96 and a 200-day simple moving average of $67.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The firm has a market capitalization of $3.19 billion, a P/E ratio of 9.32 and a beta of 1.83. Green Brick Partners, Inc. has a one year low of $43.06 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results 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 company had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

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.