Los Angeles Capital Management LLC Increases Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Los Angeles Capital Management LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,487 shares of the financial services provider’s stock after acquiring an additional 6,929 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.08% of Green Brick Partners worth $3,047,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Green Brick Partners during the third quarter worth about $29,000. Blue Trust Inc. purchased a new stake in Green Brick Partners during the 2nd quarter worth approximately $48,000. GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 305 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Green Brick Partners in the third quarter worth approximately $209,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $69.16 on Wednesday. Green Brick Partners, Inc. has a one year low of $43.72 and a one year high of $84.66. The stock has a market cap of $3.08 billion, a PE ratio of 8.98 and a beta of 1.83. 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 50 day moving average price of $77.44 and a 200 day moving average price of $67.94.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The company had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business earned $1.56 earnings per share. Equities research analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Green Brick Partners

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.