D.A. Davidson & CO. Has $2.12 Million Stake in Green Brick Partners, Inc. $GRBK

D.A. Davidson & CO. grew its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 37.8% during the first quarter, HoldingsChannel.com reports. The firm owned 32,976 shares of the financial services provider’s stock after buying an additional 9,040 shares during the quarter. D.A. Davidson & CO.’s holdings in Green Brick Partners were worth $2,125,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GRBK. Vanguard Group Inc. boosted its holdings in Green Brick Partners by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock worth $137,599,000 after purchasing an additional 22,423 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Green Brick Partners by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,656,806 shares of the financial services provider’s stock worth $103,817,000 after buying an additional 80,517 shares in the last quarter. State Street Corp lifted its position in Green Brick Partners by 3.0% during the 4th quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after buying an additional 43,954 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Green Brick Partners by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after buying an additional 2,390 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Green Brick Partners by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock worth $30,448,000 after buying an additional 30,244 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Green Brick Partners Trading Down 3.1%

Shares of Green Brick Partners stock opened at $70.46 on Tuesday. The stock has a market cap of $3.04 billion, a P/E ratio of 9.15 and a beta of 1.79. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. The business’s 50 day moving average is $71.46 and its 200-day moving average is $70.22.

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