Kennedy Capital Management LLC Boosts Stake in Green Brick Partners, Inc. $GRBK

Kennedy Capital Management LLC increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 248,037 shares of the financial services provider’s stock after purchasing an additional 41,206 shares during the period. Kennedy Capital Management LLC owned 0.57% of Green Brick Partners worth $15,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GRBK. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Green Brick Partners by 451,033.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 464,667 shares of the financial services provider’s stock valued at $29,116,000 after purchasing an additional 464,564 shares during the last quarter. Boston Partners acquired a new position in Green Brick Partners in the 3rd quarter valued at about $13,883,000. Norges Bank acquired a new position in Green Brick Partners in the 4th quarter valued at about $5,352,000. Dimensional Fund Advisors LP increased its position in Green Brick Partners by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,656,806 shares of the financial services provider’s stock valued at $103,817,000 after acquiring an additional 80,517 shares during the period. Finally, Millennium Management LLC increased its position in Green Brick Partners by 959.2% in the 3rd quarter. Millennium Management LLC now owns 70,286 shares of the financial services provider’s stock valued at $5,191,000 after acquiring an additional 63,650 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $72.24 on Friday. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.38 and a beta of 1.81. Green Brick Partners, Inc. has a 52-week low of $58.71 and a 52-week high of $80.97. The stock’s 50-day moving average price is $67.55 and its 200 day moving average price is $68.42. 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 (NASDAQ:GRBK) last issued its quarterly earnings results 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 was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.00.

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.