Green Brick Partners, Inc. (NASDAQ:GRBK) Position Cut by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,358 shares of the financial services provider’s stock after selling 2,404 shares during the quarter. Rhumbline Advisers owned 0.20% of Green Brick Partners worth $5,210,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GRBK. Sterling Capital Management LLC increased its stake in Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock valued at $41,000 after buying an additional 645 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Green Brick Partners in the fourth quarter worth approximately $57,000. Covestor Ltd boosted its stake in Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 1,149 shares during the period. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of Green Brick Partners in the 4th quarter worth $200,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK opened at $61.06 on Friday. The stock’s fifty day simple moving average is $58.67 and its 200 day simple moving average is $59.78. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 7.93 and a beta of 1.86. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. As a group, sell-side analysts forecast 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.