First Sabrepoint Capital Management LP Acquires 75,000 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

First Sabrepoint Capital Management LP increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 125.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 135,000 shares of the financial services provider’s stock after purchasing an additional 75,000 shares during the period. Green Brick Partners makes up 2.0% of First Sabrepoint Capital Management LP’s holdings, making the stock its 17th biggest holding. First Sabrepoint Capital Management LP’s holdings in Green Brick Partners were worth $7,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC increased its position in Green Brick Partners by 206.5% during the 3rd quarter. Barclays PLC now owns 57,432 shares of the financial services provider’s stock worth $4,796,000 after purchasing an additional 38,695 shares in the last quarter. Tidal Investments LLC bought a new stake in Green Brick Partners during the 3rd quarter worth $1,030,000. Principal Financial Group Inc. raised its position in Green Brick Partners by 15.3% in the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock valued at $13,260,000 after purchasing an additional 21,012 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Green Brick Partners by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after purchasing an additional 118,858 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Green Brick Partners by 2.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider’s stock valued at $12,457,000 after acquiring an additional 4,811 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Up 2.2 %

NASDAQ GRBK opened at $60.76 on Friday. The business has a 50 day moving average price of $58.03 and a 200-day moving average price of $61.79. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 7.89 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners Company Profile

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.