Mutual of America Capital Management LLC Invests $231,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Mutual of America Capital Management LLC acquired a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,448 shares of the financial services provider’s stock, valued at approximately $231,000.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in Green Brick Partners by 29.1% during the third quarter. Exchange Traded Concepts LLC now owns 8,884 shares of the financial services provider’s stock valued at $369,000 after buying an additional 2,001 shares during the last quarter. Cavalier Investments LLC boosted its stake in Green Brick Partners by 3.7% during the third quarter. Cavalier Investments LLC now owns 9,804 shares of the financial services provider’s stock valued at $407,000 after buying an additional 350 shares during the last quarter. Raymond James & Associates boosted its stake in Green Brick Partners by 13.3% during the third quarter. Raymond James & Associates now owns 15,425 shares of the financial services provider’s stock valued at $640,000 after buying an additional 1,816 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Green Brick Partners by 81.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,972 shares of the financial services provider’s stock valued at $538,000 after buying an additional 5,815 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in Green Brick Partners by 38.6% during the third quarter. Argent Capital Management LLC now owns 9,290 shares of the financial services provider’s stock valued at $386,000 after buying an additional 2,587 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Insider Buying and Selling

In other Green Brick Partners news, Director Richard S. Press purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $51.84 per share, with a total value of $51,840.00. Following the purchase, the director now owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.40% of the stock is owned by corporate insiders.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $54.79 on Wednesday. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 8.92 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. The stock has a 50 day moving average price of $55.81 and a 200-day moving average price of $50.60. Green Brick Partners, Inc. has a one year low of $35.62 and a one year high of $61.62.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results 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 company had revenue of $450.38 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $1.18 EPS. Equities analysts expect that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

GRBK has been the subject of a number of research reports. Wedbush reissued a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a research note on Friday, March 1st. StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Finally, B. Riley lifted their target price on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, March 4th.

Green Brick Partners Profile

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.