MQS Management LLC Acquires New Stake in Green Brick Partners, Inc. $GRBK

MQS Management LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,149 shares of the financial services provider’s stock, valued at approximately $590,000.

A number of other institutional investors have also added to or reduced their stakes in GRBK. Osterweis Capital Management Inc. purchased a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $31,000. Clearstead Advisors LLC grew its holdings in shares of Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of 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 in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Green Brick Partners in the fourth quarter worth approximately $69,000. Finally, NBC Securities Inc. increased its position in shares of Green Brick Partners by 5,724.0% in the fourth quarter. NBC Securities Inc. now owns 1,456 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,431 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Green Brick Partners Stock Down 0.1%

GRBK opened at $80.09 on Wednesday. The stock has a market cap of $3.46 billion, a PE ratio of 10.40 and a beta of 1.81. 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 52 week low of $60.44 and a 52 week high of $83.18. The business’s fifty day simple moving average is $69.81 and its 200 day simple moving average is $69.24.

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, topping 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%.During the same quarter last year, the company earned $1.67 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners 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.