Lakewood Asset Management LLC Raises Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Lakewood Asset Management LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,526 shares of the financial services provider’s stock after purchasing an additional 160 shares during the period. Lakewood Asset Management LLC’s holdings in Green Brick Partners were worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Green Brick Partners by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Annex Advisory Services LLC bought a new position in Green Brick Partners during the second quarter valued at approximately $10,687,000. Harbor Capital Advisors Inc. grew its position in Green Brick Partners by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock valued at $5,746,000 after acquiring an additional 73,506 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Green Brick Partners by 99.7% during the fourth quarter. Russell Investments Group Ltd. now owns 120,094 shares of the financial services provider’s stock worth $6,238,000 after acquiring an additional 59,971 shares in the last quarter. Finally, Security National Bank lifted its holdings in shares of Green Brick Partners by 258.3% in the 1st quarter. Security National Bank now owns 73,674 shares of the financial services provider’s stock worth $4,437,000 after acquiring an additional 53,114 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Down 0.3 %

Shares of GRBK traded down $0.23 on Friday, reaching $70.80. The stock had a trading volume of 284,495 shares, compared to its average volume of 403,132. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 8.28. Green Brick Partners, Inc. has a 12-month low of $37.31 and a 12-month high of $78.39. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 10.74 and a beta of 1.80. The company has a 50-day simple moving average of $63.77 and a 200-day simple moving average of $58.27.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. During the same period last year, the business earned $1.63 EPS. Green Brick Partners’s quarterly revenue was up 22.9% compared to the same quarter last year. Sell-side analysts predict that Green Brick Partners, Inc. will post 7.46 EPS for the current year.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, Director David Einhorn sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the completion of the sale, the director now directly owns 1,302,690 shares in the company, valued at approximately $75,295,482. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GRBK shares. Wedbush reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley lifted their price target on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners 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.