Edgestream Partners L.P. Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Edgestream Partners L.P. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 16.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,170 shares of the financial services provider's stock after purchasing an additional 14,952 shares during the period. Edgestream Partners L.P. owned approximately 0.24% of Green Brick Partners worth $6,132,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GRBK. The Manufacturers Life Insurance Company boosted its stake in Green Brick Partners by 1,342.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock worth $16,365,000 after purchasing an additional 269,615 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Green Brick Partners by 72.8% in the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock worth $27,403,000 after purchasing an additional 198,024 shares in the last quarter. Raymond James Financial Inc. bought a new position in Green Brick Partners in the 4th quarter worth about $9,488,000. GAMMA Investing LLC lifted its stake in Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock valued at $8,160,000 after acquiring an additional 138,190 shares during the period. Finally, Twinbeech Capital LP purchased a new stake in shares of Green Brick Partners during the 4th quarter valued at about $6,473,000. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded down $1.43 during trading on Friday, reaching $63.43. 82,096 shares of the company traded hands, compared to its average volume of 326,059. The firm has a 50 day simple moving average of $61.85 and a 200-day simple moving average of $59.61. 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 stock has a market capitalization of $2.79 billion, a PE ratio of 8.24 and a beta of 1.85. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly 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%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 price target on the stock.

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.