Odyssean LLC Acquires 19,869 Shares of Green Brick Partners, Inc. $GRBK

Odyssean LLC boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 93.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 41,180 shares of the financial services provider’s stock after acquiring an additional 19,869 shares during the quarter. Green Brick Partners accounts for approximately 0.5% of Odyssean LLC’s portfolio, making the stock its 17th largest position. Odyssean LLC’s holdings in Green Brick Partners were worth $3,296,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GRBK. Allworth Financial LP bought a new stake in shares of Green Brick Partners during the 2nd quarter valued at $27,000. Fiduciary Financial Advisors bought a new position in shares of Green Brick Partners in the 2nd quarter worth $31,000. Osterweis Capital Management Inc. bought a new position in shares of Green Brick Partners in the 2nd quarter worth $31,000. Clearstead Advisors LLC grew its stake in shares of Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 458 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of 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 during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Trading Up 0.6%

GRBK opened at $71.24 on Friday. The firm’s fifty day moving average is $72.79 and its two-hundred day moving average is $70.33. 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 firm has a market cap of $3.06 billion, a PE ratio of 9.25 and a beta of 1.80. Green Brick Partners, Inc. has a twelve month low of $60.44 and a twelve month high of $83.18.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Green Brick Partners 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.