D.A. Davidson & CO. Makes New $1.65 Million Investment in Green Brick Partners, Inc. $GRBK

D.A. Davidson & CO. acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,291 shares of the financial services provider’s stock, valued at approximately $1,646,000. D.A. Davidson & CO. owned about 0.05% of Green Brick Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GRBK. Osterweis Capital Management Inc. purchased a new position in shares of Green Brick Partners during the 2nd quarter worth about $31,000. SBI Securities Co. Ltd. lifted its stake in Green Brick Partners by 40.9% in the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 172 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Green Brick Partners during the second quarter valued at approximately $53,000. Farther Finance Advisors LLC grew its stake in shares of Green Brick Partners by 201.0% during the third quarter. Farther Finance Advisors LLC now owns 900 shares of the financial services provider’s stock valued at $66,000 after buying an additional 601 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Green Brick Partners in the second quarter worth approximately $151,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Up 7.0%

Shares of NASDAQ GRBK opened at $72.11 on Friday. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $77.93. The stock’s fifty day simple moving average is $64.75 and its two-hundred day simple moving average is $66.92. The stock has a market capitalization of $3.14 billion, a PE ratio of 9.36 and a beta of 2.01. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.48 by $0.29. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 earnings per share. As a group, analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on shares of Green Brick Partners in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Green Brick Partners currently has an average rating of “Hold” and an average price target of $66.00.

About Green Brick Partners

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.