Algert Global LLC Increases Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Algert Global LLC raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 77,339 shares of the financial services provider's stock after acquiring an additional 10,285 shares during the period. Algert Global LLC owned 0.17% of Green Brick Partners worth $4,369,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Sterling Capital Management LLC increased its stake in 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 worth $41,000 after acquiring an additional 645 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Green Brick Partners in the 4th quarter valued at about $57,000. Nisa Investment Advisors LLC grew its holdings in shares of Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after purchasing an additional 289 shares during the period. Covestor Ltd increased its position in Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after purchasing 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 purchasing an additional 1,149 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Up 2.9%

NASDAQ GRBK traded up $1.72 during trading hours on Monday, hitting $61.77. The company had a trading volume of 66,587 shares, compared to its average volume of 314,525. The firm's 50 day moving average is $58.04 and its 200 day moving average is $61.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.04 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.82 earnings per share. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed a "neutral" rating and set a $70.00 price target on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners 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.