Hollencrest Capital Management Invests $29,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Hollencrest Capital Management bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the third quarter, Holdings Channel reports. The firm bought 351 shares of the financial services provider’s stock, valued at approximately $29,000.

Several other large investors also recently bought and sold shares of GRBK. Lakewood Asset Management LLC lifted its stake in shares of Green Brick Partners by 2.2% during the second quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock worth $431,000 after buying an additional 160 shares during the period. Inspire Investing LLC lifted its position in 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 acquiring an additional 221 shares during the period. TBH Global Asset Management LLC grew its stake in 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 valued at $539,000 after purchasing an additional 279 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Green Brick Partners by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 288 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Green Brick Partners by 20.9% in the third 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.

Wall Street Analyst Weigh In

GRBK has been the topic of several recent research reports. B. Riley upped their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Up 2.4 %

Shares of GRBK stock opened at $72.91 on Friday. Green Brick Partners, Inc. has a twelve month low of $43.44 and a twelve month high of $84.66. The stock has a market cap of $3.24 billion, a P/E ratio of 9.47 and a beta of 1.83. The stock has a 50 day moving average of $77.71 and a 200 day moving average 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 posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share 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 firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. During the same period last year, the firm earned $1.56 earnings per share. Green Brick Partners’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Green Brick Partners 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.