PFG Advisors Takes Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

PFG Advisors acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBKFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,078 shares of the financial services provider’s stock, valued at approximately $264,000.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Green Brick Partners by 345.6% during the second quarter. US Bancorp DE now owns 557 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 432 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Green Brick Partners by 154.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 854 shares of the financial services provider’s stock worth $30,000 after buying an additional 518 shares during the period. Vestcor Inc acquired a new position in Green Brick Partners in the 2nd quarter worth approximately $67,000. West Tower Group LLC acquired a new position in Green Brick Partners in the 2nd quarter worth approximately $91,000. Finally, UniSuper Management Pty Ltd acquired a new position in Green Brick Partners in the 2nd quarter worth approximately $127,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the transaction, the director now directly owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 44.40% of the company’s stock.

Analyst Ratings Changes

GRBK has been the topic of several research reports. Wedbush reiterated a “neutral” rating and issued a $45.00 price target on shares of Green Brick Partners in a report on Friday, March 1st. StockNews.com downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Finally, B. Riley increased their price target on shares of Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, March 4th.

View Our Latest Research Report on GRBK

Green Brick Partners Price Performance

Shares of NASDAQ GRBK opened at $58.64 on Wednesday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.55 and a beta of 1.71. Green Brick Partners, Inc. has a 12 month low of $32.71 and a 12 month high of $61.62. The firm’s 50 day simple moving average is $54.89 and its 200-day simple moving average is $49.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.94 and a quick ratio of 1.44.

Green Brick Partners (NASDAQ:GRBKGet Free Report) last issued its quarterly earnings data on Friday, March 1st. The financial services provider reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). The firm had revenue of $450.38 million for the quarter, compared to analyst estimates of $478.10 million. Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. Green Brick Partners’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Analysts expect that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Green Brick Partners Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GRBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Brick Partners, Inc. (NASDAQ:GRBKFree Report).

Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

Receive News & Ratings for Green Brick Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners and related companies with MarketBeat.com's FREE daily email newsletter.