Louisiana State Employees Retirement System Purchases Shares of 12,700 Green Brick Partners, Inc. (NASDAQ:GRBK)

Louisiana State Employees Retirement System purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,700 shares of the financial services provider’s stock, valued at approximately $660,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Cavalier Investments LLC grew its stake in Green Brick Partners by 3.7% in the third quarter. Cavalier Investments LLC now owns 9,804 shares of the financial services provider’s stock valued at $407,000 after purchasing an additional 350 shares in the last quarter. Jennison Associates LLC grew its stake in Green Brick Partners by 2.2% in the third quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider’s stock valued at $742,000 after purchasing an additional 381 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Green Brick Partners by 5,000.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Arizona State Retirement System grew its stake in Green Brick Partners by 14.2% in the fourth quarter. Arizona State Retirement System now owns 8,881 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Versor Investments LP grew its stake in Green Brick Partners by 15.9% in the third quarter. Versor Investments LP now owns 8,188 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 1,122 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard S. Press acquired 1,000 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the purchase, the director now directly owns 88,063 shares in the company, valued at $4,565,185.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 44.40% of the company’s stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $55.59 on Monday. The stock has a market cap of $2.50 billion, a P/E ratio of 9.05 and a beta of 1.71. The stock has a 50 day simple moving average of $55.85 and a 200 day simple moving average of $50.92. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Green Brick Partners, Inc. has a 1-year low of $35.62 and a 1-year high of $61.62.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.09). The firm had revenue of $450.38 million for 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 business’s revenue for the quarter 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. Research analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

Analysts Set New Price Targets

GRBK has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Green Brick Partners in a research report on Friday, March 1st. B. Riley raised their price objective on Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Finally, StockNews.com cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th.

Green Brick Partners Profile

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.