Louisiana State Employees Retirement System Acquires New Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Louisiana State Employees Retirement System acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,700 shares of the financial services provider’s stock, valued at approximately $660,000.

Several other institutional investors have also bought and sold shares of the company. ORG Partners LLC purchased a new position in Green Brick Partners in the fourth quarter valued at approximately $186,000. Mutual of America Capital Management LLC purchased a new stake in shares of Green Brick Partners during the fourth quarter worth $231,000. Kendall Capital Management lifted its position in shares of Green Brick Partners by 59.6% during the fourth quarter. Kendall Capital Management now owns 14,400 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 5,375 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Green Brick Partners by 79.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 69,736 shares of the financial services provider’s stock worth $3,622,000 after acquiring an additional 30,859 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Green Brick Partners by 5,000.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Up 2.1 %

Shares of GRBK stock opened at $55.59 on Monday. The company has a market capitalization of $2.50 billion, a PE ratio of 9.05 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. Green Brick Partners, Inc. has a 52-week low of $35.62 and a 52-week high of $61.62. The business’s fifty day moving average is $55.85 and its 200 day moving average is $50.92.

Green Brick Partners (NASDAQ:GRBK) last released 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 firm had revenue of $450.38 million during the quarter, compared to the consensus estimate of $478.10 million. Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS. On average, equities research analysts anticipate that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Richard S. Press acquired 1,000 shares of Green Brick Partners stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of 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 document filed with the SEC, which is available through this link. Insiders own 44.40% of the company’s stock.

Green Brick Partners Company 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.