4D Advisors LLC Purchases Shares of 60,000 Green Brick Partners, Inc. (NASDAQ:GRBK)

4D Advisors LLC acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,000 shares of the financial services provider's stock, valued at approximately $3,389,000. Green Brick Partners comprises about 2.4% of 4D Advisors LLC's holdings, making the stock its 20th largest position. 4D Advisors LLC owned 0.13% of Green Brick Partners at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC grew its stake in Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Green Brick Partners during the fourth quarter worth approximately $57,000. Nisa Investment Advisors LLC boosted its stake in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the period. Covestor Ltd grew its holdings in Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after buying an additional 1,149 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

GRBK stock traded down $0.60 during mid-day trading on Tuesday, hitting $58.94. The stock had a trading volume of 288,557 shares, compared to its average volume of 320,877. The firm has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $61.95. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.62 billion, a P/E ratio of 7.65 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly 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 last year, the firm posted $1.82 EPS. The business's revenue was up 11.2% on a year-over-year basis. As a group, research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a research note on Friday, February 28th.

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.