Byrne Asset Management LLC Acquires 730 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Byrne Asset Management LLC lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 50.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,170 shares of the financial services provider’s stock after acquiring an additional 730 shares during the quarter. Byrne Asset Management LLC’s holdings in Green Brick Partners were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of Green Brick Partners by 758.8% during the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 645 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Green Brick Partners during the fourth quarter valued at approximately $57,000. Covestor Ltd raised its holdings 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 valued at $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 valued at $96,000 after acquiring an additional 1,149 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 646 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Trading Down 2.9%

NASDAQ GRBK opened at $59.36 on Friday. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The stock has a market cap of $2.61 billion, a P/E ratio of 7.71 and a beta of 1.86. The stock’s fifty day moving average price is $58.79 and its 200-day moving average price is $59.69. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the previous year, the firm earned $1.82 earnings per share. Green Brick Partners’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Green Brick Partners Company Profile

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.