Raymond James & Associates Boosts Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Raymond James & Associates boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 138.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,829 shares of the financial services provider’s stock after acquiring an additional 21,404 shares during the period. Raymond James & Associates owned 0.08% of Green Brick Partners worth $1,913,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Green Brick Partners Price Performance

Green Brick Partners stock opened at $52.13 on Thursday. The firm has a 50-day moving average price of $55.90 and a 200-day moving average price of $50.29. The firm has a market capitalization of $2.34 billion, a PE ratio of 8.49 and a beta of 1.71. 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 12-month low of $35.62 and a 12-month high of $61.62.

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

Insider Transactions at Green Brick Partners

In other news, Director Richard S. Press bought 1,000 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the acquisition, the director now owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 44.40% of the company’s stock.

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.