Green Brick Partners, Inc. $GRBK Stake Raised by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 37.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,976 shares of the financial services provider’s stock after acquiring an additional 9,040 shares during the quarter. D.A. Davidson & CO. owned 0.08% of Green Brick Partners worth $2,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Osterweis Capital Management Inc. purchased a new stake in shares of Green Brick Partners in the second quarter worth approximately $31,000. Clearstead Advisors LLC grew its position in Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 458 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Green Brick Partners by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 354 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Green Brick Partners in the 4th quarter valued at approximately $69,000. Finally, NBC Securities Inc. increased its stake in Green Brick Partners by 5,724.0% in the 4th quarter. NBC Securities Inc. now owns 1,456 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,431 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Down 3.1%

GRBK opened at $70.46 on Tuesday. The company has a market capitalization of $3.04 billion, a P/E ratio of 9.15 and a beta of 1.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm’s fifty day moving average price is $71.46 and its two-hundred day moving average price is $70.22. Green Brick Partners, Inc. has a fifty-two week low of $60.44 and a fifty-two week high of $83.18.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the previous year, the business posted $1.67 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Green Brick Partners Company Profile

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.