Green Brick Partners, Inc. $GRBK Holdings Lifted by GW&K Investment Management LLC

GW&K Investment Management LLC grew its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 344,497 shares of the financial services provider’s stock after purchasing an additional 24,362 shares during the period. GW&K Investment Management LLC owned approximately 0.79% of Green Brick Partners worth $21,586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC grew its position in Green Brick Partners by 2.1% in the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC grew its position in Green Brick Partners by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 3,281 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 174 shares during the last quarter. ProShare Advisors LLC grew its position in Green Brick Partners by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 193 shares during the last quarter. SBI Securities Co. Ltd. grew its position in 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 worth $64,000 after purchasing an additional 270 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Green Brick Partners by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 17,976 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 289 shares during the last quarter. 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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 firm has a market cap of $3.03 billion, a PE ratio of 9.12 and a beta of 1.81. The firm has a 50 day simple moving average of $67.25 and a 200 day simple moving average of $68.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

About Green Brick Partners

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.