Hollencrest Capital Management Acquires Shares of 351 Green Brick Partners, Inc. (NASDAQ:GRBK)

Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 351 shares of the financial services provider’s stock, valued at approximately $29,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after buying an additional 307,304 shares in the last quarter. Annex Advisory Services LLC bought a new stake in Green Brick Partners in the second quarter worth $10,687,000. Assenagon Asset Management S.A. raised its stake in Green Brick Partners by 206.8% during the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock valued at $20,424,000 after purchasing an additional 164,840 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Green Brick Partners by 114.9% during the third quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock valued at $18,016,000 after purchasing an additional 115,318 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Green Brick Partners by 195.3% in the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after buying an additional 110,680 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on GRBK. Wedbush reiterated a “neutral” rating and issued a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley boosted their target price on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Price Performance

GRBK stock opened at $72.91 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 9.47 and a beta of 1.83. Green Brick Partners, Inc. has a 12 month low of $43.44 and a 12 month high of $84.66. The company has a 50-day moving average price of $77.71 and a 200 day moving average price of $67.63. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. During the same quarter last year, the firm earned $1.56 EPS. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.24 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.