DekaBank Deutsche Girozentrale Takes $186,000 Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

DekaBank Deutsche Girozentrale purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, Holdings Channel.com reports. The firm purchased 3,576 shares of the financial services provider’s stock, valued at approximately $186,000.

Several other institutional investors have also made changes to their positions in GRBK. BlackRock Inc. increased its position in Green Brick Partners by 68.5% during the third quarter. BlackRock Inc. now owns 4,521,930 shares of the financial services provider’s stock worth $96,679,000 after buying an additional 1,838,102 shares during the last quarter. Orchard Capital Management LLC acquired a new position in shares of Green Brick Partners during the 1st quarter valued at about $13,056,000. FMR LLC lifted its holdings in Green Brick Partners by 757.5% in the 1st quarter. FMR LLC now owns 689,673 shares of the financial services provider’s stock worth $24,180,000 after purchasing an additional 609,246 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Green Brick Partners by 76.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after purchasing an additional 543,450 shares during the period. Finally, State Street Corp lifted its position in Green Brick Partners by 29.3% during the 3rd quarter. State Street Corp now owns 1,238,062 shares of the financial services provider’s stock worth $26,470,000 after acquiring an additional 280,474 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 2.8 %

NASDAQ GRBK opened at $53.27 on Wednesday. Green Brick Partners, Inc. has a twelve month low of $34.89 and a twelve month high of $61.62. The stock has a market cap of $2.40 billion, a PE ratio of 8.68 and a beta of 1.71. The firm has a 50-day simple moving average of $55.89 and a 200 day simple moving average of $50.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94.

Green Brick Partners (NASDAQ:GRBK) last announced 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 during the quarter, compared to the consensus estimate 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 was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 EPS. On average, research analysts forecast that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. B. Riley increased their target price on Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $45.00 target price on shares of Green Brick Partners in a research report on Friday, March 1st.

Insider Buying and Selling

In other Green Brick Partners news, Director Richard S. Press purchased 1,000 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $51.84 per share, with a total value of $51,840.00. Following the acquisition, 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 document filed with the SEC, which is available at this link. 44.40% of the stock is owned by company insiders.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.