Green Brick Partners, Inc. $GRBK Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 7.6% in the 4th quarter, Holdings Channel reports. The fund owned 344,497 shares of the financial services provider’s stock after buying an additional 24,362 shares during the period. GW&K Investment Management LLC’s holdings in Green Brick Partners were worth $21,586,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new stake in shares of Green Brick Partners in the 2nd quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its position in shares of Green Brick Partners by 467.3% in the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 458 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Green Brick Partners by 195.5% in the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 391 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Green Brick Partners by 45.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 863 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 270 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Green Brick Partners by 1,590.9% in the 3rd quarter. Rothschild Investment LLC now owns 930 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 875 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.00.

Green Brick Partners Stock Down 1.7%

GRBK stock opened at $70.23 on Thursday. Green Brick Partners, Inc. has a 12-month low of $58.71 and a 12-month high of $80.97. 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 $3.03 billion, a price-to-earnings ratio of 9.12 and a beta of 1.81. The company has a 50 day moving average of $67.25 and a two-hundred day moving average of $68.34.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping 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 prior year, the business posted $1.67 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

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.