Denali Advisors LLC Raises Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

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

A number of other large investors also recently bought and sold shares of the company. LMG Wealth Partners LLC increased its position in shares of Green Brick Partners by 12.1% during the 1st quarter. LMG Wealth Partners LLC now owns 23,305 shares of the financial services provider's stock valued at $1,359,000 after purchasing an additional 2,515 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Green Brick Partners by 16.6% during the first quarter. Edgestream Partners L.P. now owns 105,170 shares of the financial services provider's stock worth $6,132,000 after acquiring an additional 14,952 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of Green Brick Partners by 49.6% during the first quarter. Rice Hall James & Associates LLC now owns 91,747 shares of the financial services provider's stock worth $5,350,000 after acquiring an additional 30,403 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of Green Brick Partners during the first quarter worth $874,000. Finally, CWM LLC raised its holdings in shares of Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after acquiring an additional 352 shares in the last quarter. Institutional investors own 78.24% of the company's stock.

Analysts Set New Price Targets

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 objective on the stock.

Green Brick Partners Trading Down 2.0%

GRBK stock traded down $1.27 during trading on Friday, hitting $63.59. The company had a trading volume of 194,092 shares, compared to its average volume of 326,180. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $61.92 and a 200-day moving average price of $59.68. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 8.26 and a beta of 1.85.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing the consensus estimate 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 business's revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 EPS. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

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.