Crown Advisors Management Inc. Purchases Shares of 20,000 Green Brick Partners, Inc. $GRBK

Key Points

• Crown Advisors Management acquired 20,000 Green Brick Partners shares during the second quarter, valued at approximately $1.6 million. Institutional investors collectively own 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, exceeding analyst expectations of $1.39, although revenue declined 10.1% year over year.
• The stock opened at $70.44, with a market capitalization of about $3.03 billion; analysts maintain an overall “Hold” rating.

Crown Advisors Management Inc. acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the financial services provider's stock, valued at approximately $1,601,000.

Several other large investors have also recently modified their holdings of the stock. Osterweis Capital Management Inc. bought a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $31,000. Clearstead Advisors LLC boosted its holdings in Green Brick Partners by 467.3% during the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 458 shares during the period. Parkside Financial Bank & Trust grew its position in Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider's stock worth $51,000 after acquiring an additional 354 shares during the last quarter. Optiver Holding B.V. grew its position in Green Brick Partners by 106,900.0% during the 1st quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider's stock worth $69,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in Green Brick Partners in the 4th quarter worth approximately $69,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $70.44 on Monday. The company's fifty day simple moving average is $73.44 and its two-hundred day simple moving average is $70.52. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. The firm has a market cap of $3.03 billion, a PE ratio of 9.15 and a beta of 1.79. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company's revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Green Brick Partners Company Profile

Green Brick Partners, Inc NASDAQ: GRBK is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.

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