6,000 Shares in Green Brick Partners, Inc. (NASDAQ:GRBK) Acquired by Advisor Resource Council

Advisor Resource Council bought a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,000 shares of the financial services provider’s stock, valued at approximately $501,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Green Brick Partners by 14.8% during the 3rd quarter. Amalgamated Bank now owns 9,061 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 1,169 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Green Brick Partners by 114.9% during the 3rd 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 in the last quarter. New York State Teachers Retirement System boosted its holdings in Green Brick Partners by 30.7% in the third quarter. New York State Teachers Retirement System now owns 12,381 shares of the financial services provider’s stock worth $1,034,000 after purchasing an additional 2,905 shares in the last quarter. Cavalier Investments LLC increased its position in Green Brick Partners by 6.3% during the third quarter. Cavalier Investments LLC now owns 11,605 shares of the financial services provider’s stock worth $969,000 after buying an additional 690 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Green Brick Partners by 18.6% during the third quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider’s stock valued at $1,463,000 after buying an additional 2,744 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. B. Riley increased their price objective on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wedbush reiterated a “neutral” rating and set a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Trading Down 0.9 %

Shares of NASDAQ:GRBK opened at $71.73 on Thursday. 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 stock’s 50-day moving average is $77.96 and its 200-day moving average is $67.37. The company has a market cap of $3.19 billion, a P/E ratio of 9.32 and a beta of 1.83. Green Brick Partners, Inc. has a 52-week low of $43.06 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the business earned $1.56 EPS. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities research analysts predict 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.