Denali Advisors LLC Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Denali Advisors LLC raised its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 63.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,359 shares of the financial services provider's stock after purchasing an additional 23,040 shares during the quarter. Denali Advisors LLC owned about 0.13% of Green Brick Partners worth $3,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GRBK. Sterling Capital Management LLC increased its position in shares of 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 worth $41,000 after purchasing an additional 645 shares during the last quarter. Covestor Ltd increased its position in shares of 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 worth $90,000 after purchasing an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of 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 valued at $96,000 after buying an additional 1,149 shares during the last quarter. Byrne Asset Management LLC grew its position in shares of Green Brick Partners by 50.7% during the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after buying an additional 730 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Green Brick Partners by 36.8% during the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of 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 Stock Up 6.6%

Shares of Green Brick Partners stock traded up $4.16 on Tuesday, hitting $67.30. The company had a trading volume of 363,905 shares, compared to its average volume of 325,596. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The stock has a 50-day moving average of $62.02 and a 200-day moving average of $59.82. The firm has a market capitalization of $2.96 billion, a P/E ratio of 8.74 and a beta of 1.85. 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 (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 return on equity of 25.35% and a net margin of 17.70%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. Research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

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.