Louisiana State Employees Retirement System Invests $278,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Louisiana State Employees Retirement System acquired a new position in Green Brick Partners, Inc. (NASDAQ:GRBK – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,000 shares of the financial services provider’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rice Hall James & Associates LLC raised its stake in shares of Green Brick Partners by 0.3% in the first quarter. Rice Hall James & Associates LLC now owns 169,125 shares of the financial services provider’s stock worth $3,342,000 after purchasing an additional 581 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Green Brick Partners by 86.3% in the first quarter. Point72 Hong Kong Ltd now owns 3,182 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,474 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Green Brick Partners by 4.7% in the first quarter. HighTower Advisors LLC now owns 55,192 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 2,482 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Green Brick Partners in the first quarter worth approximately $51,000. Finally, Covestor Ltd raised its stake in shares of Green Brick Partners by 1,175.2% in the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 2,656 shares during the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $27.38 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.10 and a quick ratio of 0.55. The business has a fifty day simple moving average of $24.22 and a two-hundred day simple moving average of $23.90. Green Brick Partners, Inc. has a 1 year low of $16.80 and a 1 year high of $30.80. The company has a market capitalization of $1.26 billion, a P/E ratio of 4.50 and a beta of 1.50.

Green Brick Partners (NASDAQ:GRBK – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. Green Brick Partners had a return on equity of 33.18% and a net margin of 16.85%. The firm had revenue of $407.94 million during the quarter, compared to analyst estimates of $395.78 million. On average, analysts expect that Green Brick Partners, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com assumed coverage on Green Brick Partners in a research report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. raised Green Brick Partners from an “underweight” rating to a “neutral” rating and increased their price target for the company from $19.50 to $26.50 in a research report on Tuesday, November 22nd. Finally, B. Riley decreased their target price on Green Brick Partners from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, October 18th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.17.

Green Brick Partners Company Profile

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Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.