Janney Montgomery Scott LLC Acquires New Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Janney Montgomery Scott LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 1st quarter, Holdings Channel.com reports. The fund bought 6,365 shares of the financial services provider’s stock, valued at approximately $371,000.

Several other hedge funds also recently bought and sold shares of GRBK. Sterling Capital Management LLC grew its position in shares of Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 645 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Green Brick Partners in the fourth quarter valued at approximately $57,000. Covestor Ltd increased its position in shares of Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Green Brick Partners by 207.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,149 shares during the period. Finally, Byrne Asset Management LLC raised its holdings in shares of Green Brick Partners by 50.7% during the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 730 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 1.5%

Shares of Green Brick Partners stock opened at $64.85 on Friday. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The business’s 50 day simple moving average is $60.74 and its 200 day simple moving average is $59.12. The firm has a market cap of $2.85 billion, a PE ratio of 8.42 and a beta of 1.85.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). 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 company earned $1.82 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley began coverage on shares of Green Brick Partners in a research note on Monday, June 30th. They issued a “neutral” rating and a $62.00 target price for the company.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.