MTM Investment Management LLC Invests $874,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

MTM Investment Management LLC acquired a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,887 shares of the financial services provider's stock, valued at approximately $874,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in shares of Green Brick Partners in the 1st quarter worth $371,000. GAMMA Investing LLC lifted its stake in Green Brick Partners by 7,878.6% in the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock valued at $8,160,000 after buying an additional 138,190 shares during the period. Ameriprise Financial Inc. lifted its stake in Green Brick Partners by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 110,320 shares of the financial services provider's stock valued at $6,232,000 after buying an additional 4,746 shares during the period. Bank of America Corp DE boosted its holdings in Green Brick Partners by 52.5% during the fourth quarter. Bank of America Corp DE now owns 89,055 shares of the financial services provider's stock worth $5,031,000 after buying an additional 30,677 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Green Brick Partners by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after buying an additional 33,152 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Trading Down 0.3%

Shares of GRBK stock traded down $0.17 on Monday, hitting $66.64. The stock had a trading volume of 198,159 shares, compared to its average volume of 296,817. 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, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The company has a fifty day moving average price of $61.42 and a two-hundred day moving average price of $59.41. The firm has a market cap of $2.93 billion, a P/E ratio of 8.65 and a beta of 1.85.

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%. During the same period last year, the firm earned $1.82 earnings per share. Green Brick Partners's revenue was up 11.2% on a year-over-year basis. As a group, analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on Green Brick Partners in a research note on Monday, June 30th. They issued a "neutral" rating and a $62.00 price target for the company.

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.