3,576 Shares in Green Brick Partners, Inc. (NASDAQ:GRBK) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new stake in 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 institutional investor acquired 3,576 shares of the financial services provider’s stock, valued at approximately $186,000.

Several other hedge funds have also recently added to or reduced their stakes in GRBK. Tower Research Capital LLC TRC increased its stake in shares of Green Brick Partners by 154.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 854 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 518 shares in the last quarter. US Bancorp DE lifted its stake in Green Brick Partners by 345.6% in the 2nd quarter. US Bancorp DE now owns 557 shares of the financial services provider’s stock valued at $32,000 after buying an additional 432 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Green Brick Partners during the first quarter worth $51,000. Covestor Ltd increased its position in Green Brick Partners by 1,175.2% during the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider’s stock worth $57,000 after buying an additional 2,656 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in shares of Green Brick Partners by 86.3% in the first quarter. Point72 Hong Kong Ltd now owns 3,182 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,474 shares during the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Green Brick Partners

In related news, Director Richard S. Press purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $51.84 per share, with a total value of $51,840.00. Following the completion of the transaction, the director now owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 44.40% of the stock is owned by insiders.

Green Brick Partners Price Performance

GRBK stock opened at $53.27 on Wednesday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 8.68 and a beta of 1.71. The stock’s fifty day simple moving average is $55.89 and its 200-day simple moving average is $50.28. Green Brick Partners, Inc. has a 52-week low of $34.89 and a 52-week high of $61.62. The company has a quick ratio of 1.44, a current ratio of 8.94 and a debt-to-equity ratio of 0.26.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on GRBK shares. StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Wedbush reiterated a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a report on Friday, March 1st. Finally, B. Riley upped their price objective on shares of Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, March 4th.

About Green Brick Partners

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.