16,183 Shares in Green Brick Partners, Inc. (NASDAQ:GRBK) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,183 shares of the financial services provider’s stock, valued at approximately $1,352,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in Green Brick Partners by 83.0% during the 1st quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock worth $5,258,000 after buying an additional 39,601 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Green Brick Partners by 22.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider’s stock worth $4,562,000 after buying an additional 14,376 shares during the last quarter. Caxton Associates LP purchased a new stake in Green Brick Partners during the 2nd quarter worth about $858,000. Finally, SG Americas Securities LLC purchased a new stake in Green Brick Partners during the 3rd quarter worth about $679,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 1.8 %

Green Brick Partners stock opened at $68.17 on Tuesday. Green Brick Partners, Inc. has a fifty-two week low of $46.61 and a fifty-two 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 company has a market capitalization of $3.03 billion, a P/E ratio of 8.85 and a beta of 1.83. The stock has a 50-day simple moving average of $77.02 and a 200-day simple moving average of $68.34.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. During the same period in the previous year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley lifted their price target on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

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.