Envestnet Asset Management Inc. Grows Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Envestnet Asset Management Inc. grew its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 48.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,469 shares of the financial services provider’s stock after purchasing an additional 4,049 shares during the period. Envestnet Asset Management Inc.’s holdings in Green Brick Partners were worth $704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lakewood Asset Management LLC lifted its position in shares of Green Brick Partners by 2.4% during the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 193 shares during the period. Nisa Investment Advisors LLC grew its holdings in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock valued at $79,000 after buying an additional 289 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Green Brick Partners by 4.4% during the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 400 shares during the last quarter. Cavalier Investments LLC boosted its position in shares of Green Brick Partners by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 480 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Green Brick Partners by 4.3% during the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a “neutral” rating and issued a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Trading Up 3.1 %

NASDAQ:GRBK opened at $60.14 on Friday. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 7.81 and a beta of 1.82. The business’s 50-day simple moving average is $58.00 and its 200 day simple moving average is $62.41.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. As a group, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Profile

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.