Emerald Investment Advisers LLC Invests $5.14 Million in Green Brick Partners, Inc. $GRBK

Key Points

• Emerald Investment Advisers acquired 64,237 shares of Green Brick Partners worth approximately $5.14 million, representing a 0.15% stake. Institutional investors collectively own 78.24% of the company.
• Green Brick Partners holds a consensus “Hold” rating, with two analysts maintaining Hold recommendations.
• The company reported quarterly EPS of $1.70, beating estimates of $1.39, although revenue declined 10.1% year over year. Shares opened at $71.89, with a market capitalization of about $3.09 billion.

Emerald Investment Advisers LLC purchased a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,237 shares of the financial services provider's stock, valued at approximately $5,142,000. Emerald Investment Advisers LLC owned 0.15% of Green Brick Partners at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in Green Brick Partners by 2.1% in the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider's stock worth $439,000 after acquiring an additional 142 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Green Brick Partners by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider's stock worth $380,000 after acquiring an additional 193 shares during the period. Allworth Financial LP bought a new stake in shares of Green Brick Partners during the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust raised its stake in shares of Green Brick Partners by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 354 shares in the last quarter. Finally, Byrne Asset Management LLC boosted its holdings in shares of Green Brick Partners by 10.5% in the second quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 400 shares during the period. 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 report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Green Brick Partners Stock Up 1.4%

Green Brick Partners stock opened at $71.89 on Friday. The business has a fifty day moving average of $73.42 and a two-hundred day moving average of $70.56. 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 market cap of $3.09 billion, a P/E ratio of 9.34 and a beta of 1.79. Green Brick Partners, Inc. has a twelve month low of $60.44 and a twelve month high of $83.18.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.Green Brick Partners's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. On average, analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners 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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