Ranger Investment Management L.P. Makes New $7.70 Million Investment in Green Brick Partners, Inc. $GRBK

Ranger Investment Management L.P. acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, HoldingsChannel reports. The fund acquired 96,255 shares of the financial services provider’s stock, valued at approximately $7,704,000.

Other hedge funds have also made changes to their positions in the company. Lido Advisors LLC raised its position in shares of Green Brick Partners by 2.1% during the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 142 shares in the last quarter. ProShare Advisors LLC increased its stake in Green Brick Partners by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 193 shares during the last quarter. Allworth Financial LP purchased a new position in Green Brick Partners in the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust raised its holdings in Green Brick Partners by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 354 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in Green Brick Partners by 10.5% during the second quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Green Brick Partners Stock Down 0.0%

GRBK stock opened at $71.89 on Monday. The company has a fifty day moving average price of $73.42 and a 200 day moving average price of $70.57. Green Brick Partners, Inc. has a 12 month low of $60.44 and a 12 month high of $83.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 9.34 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. Sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current 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.