Diamond Hill Capital Management LLC Investment Advisor Takes Position in Green Brick Partners, Inc. $GRBK

Key Points

• Diamond Hill Capital Management initiated a position in Green Brick Partners during the second quarter, purchasing 18,578 shares valued at approximately $1.49 million. Institutional investors collectively own 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, exceeding analysts’ $1.39 estimate, although revenue declined 10.1% year over year. Analysts expect full-year EPS of about $8.34.
• The stock opened at $70.91, with a market capitalization of roughly $3.05 billion and a one-year trading range of $60.44 to $83.18. Analysts maintain a consensus “Hold” rating.

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 18,578 shares of the financial services provider's stock, valued at approximately $1,487,000.

A number of other hedge funds have also recently added to or reduced their stakes in GRBK. Osterweis Capital Management Inc. acquired a new position in Green Brick Partners in the 2nd quarter valued at about $31,000. Clearstead Advisors LLC raised its position in Green Brick Partners by 467.3% in the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock worth $35,000 after acquiring an additional 458 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Green Brick Partners by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 354 shares during the period. Optiver Holding B.V. lifted its position in shares of 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 valued at $69,000 after acquiring an additional 1,069 shares during the period. Finally, Pinnacle Holdings LLC acquired a new position in Green Brick Partners during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Wall Street Analyst Weigh In

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

Green Brick Partners Stock Performance

Green Brick Partners stock opened at $70.91 on Tuesday. The firm has a market capitalization of $3.05 billion, a PE ratio of 9.21 and a beta of 1.79. The stock's 50 day moving average price is $73.49 and its 200 day moving average price is $70.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a one year low of $60.44 and a one year high of $83.18.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its earnings results 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 return on equity of 25.35% and a net margin of 17.70%.The business's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

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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