Mutual of America Capital Management LLC Acquires New Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Mutual of America Capital Management LLC acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,448 shares of the financial services provider’s stock, valued at approximately $231,000.

Other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Green Brick Partners by 5,000.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,000 shares in the last quarter. Planned Solutions Inc. purchased a new position in shares of Green Brick Partners during the 4th quarter valued at about $123,000. Optimum Investment Advisors raised its holdings in shares of Green Brick Partners by 433.3% during the 4th quarter. Optimum Investment Advisors now owns 2,400 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,950 shares in the last quarter. Whittier Trust Co. increased its stake in Green Brick Partners by 148.8% in the 4th quarter. Whittier Trust Co. now owns 2,508 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,500 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in Green Brick Partners in the 3rd quarter worth approximately $134,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

GRBK opened at $54.79 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 8.94. Green Brick Partners, Inc. has a 52-week low of $35.62 and a 52-week high of $61.62. The stock has a market capitalization of $2.46 billion, a PE ratio of 8.92 and a beta of 1.71. The stock’s 50 day moving average price is $55.81 and its 200-day moving average price is $50.60.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.09). Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The business had revenue of $450.38 million for the quarter, compared to analysts’ expectations of $478.10 million. During the same period last year, the firm posted $1.18 earnings per share. Green Brick Partners’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Insider Activity

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of Green Brick Partners stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $52.41 per share, with a total value of $52,410.00. Following the completion of the purchase, the director now owns 87,063 shares of the company’s stock, valued at $4,562,971.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 44.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Green Brick Partners in a research note on Friday, March 1st. StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Finally, B. Riley lifted their price target on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th.

Green Brick Partners Company 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.