13,500 Shares in Green Brick Partners, Inc. $GRBK Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,500 shares of the financial services provider’s stock, valued at approximately $870,000.

Other hedge funds also recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its stake in shares of Green Brick Partners by 2.1% during the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 142 shares in the last quarter. GAMMA Investing LLC increased its stake 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 valued at $206,000 after purchasing an additional 174 shares in the last quarter. ProShare Advisors LLC increased its stake 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 valued at $380,000 after purchasing an additional 193 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Green Brick Partners by 1.6% during the fourth 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. Finally, Parkside Financial Bank & Trust raised its holdings in 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 last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Green Brick Partners Trading Down 0.0%

Shares of GRBK opened at $79.21 on Monday. 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, Inc. has a 1-year low of $60.44 and a 1-year high of $83.18. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 10.29 and a beta of 1.79. The firm has a 50 day simple moving average of $70.29 and a 200-day simple moving average of $69.51.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.Green Brick Partners’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Equities analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS 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.