GAMMA Investing LLC Invests $60,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

GAMMA Investing LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,148 shares of the financial services provider’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Green Brick Partners by 7,714.7% in the fourth quarter. Larson Financial Group LLC now owns 2,657 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 2,623 shares during the period. Jennison Associates LLC boosted its holdings in Green Brick Partners by 6.4% in the 4th quarter. Jennison Associates LLC now owns 19,030 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 1,148 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of Green Brick Partners during the 4th quarter worth approximately $410,000. Louisiana State Employees Retirement System bought a new position in shares of Green Brick Partners during the fourth quarter worth approximately $660,000. Finally, ORG Partners LLC acquired a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $186,000. Institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GRBK. Wedbush reissued a “neutral” rating and set a $45.00 price target on shares of Green Brick Partners in a research report on Friday, March 1st. StockNews.com lowered Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Finally, B. Riley boosted their price target on Green Brick Partners from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, March 4th.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $55.08 on Thursday. The firm’s 50 day simple moving average is $55.87 and its 200 day simple moving average is $51.23. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.97 and a beta of 1.71. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Green Brick Partners, Inc. has a 1 year low of $35.62 and a 1 year high of $61.62.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.09). Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The business had revenue of $450.38 million for the quarter, compared to the consensus estimate of $478.10 million. During the same quarter in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the transaction, the director now directly owns 88,063 shares in the company, valued at approximately $4,565,185.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 44.40% of the stock is currently owned by insiders.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.