Empowered Funds LLC Acquires New Position in Green Brick Partners, Inc. $GRBK

Key Points

• Empowered Funds LLC acquired 36,532 shares of Green Brick Partners during the second quarter, valued at approximately $2.9 million and representing 0.08% of the company. Institutional investors collectively own 78.24% of GRBK.
• Analysts maintain a generally neutral view, with two Hold ratings and an average rating of “Hold.” GRBK shares recently opened at $71.07, compared with a 12-month range of $60.44 to $83.18.
• Green Brick Partners exceeded quarterly earnings expectations, reporting $1.70 EPS versus the $1.39 consensus, though revenue declined 10.1% year over year. Analysts forecast full-year EPS of $8.34.

Empowered Funds LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,532 shares of the financial services provider's stock, valued at approximately $2,924,000. Empowered Funds LLC owned 0.08% of Green Brick Partners at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Lido Advisors LLC lifted its position in shares of Green Brick Partners by 2.1% during the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider's stock valued at $439,000 after acquiring an additional 142 shares during the period. ProShare Advisors LLC grew its holdings in shares of Green Brick Partners by 3.3% in the 4th 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 acquired a new stake in shares of Green Brick Partners in the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust increased its stake in Green Brick Partners by 76.1% in the 4th 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 in the last quarter. Finally, Fiduciary Financial Advisors purchased a new position in Green Brick Partners in the 2nd quarter valued at approximately $31,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Green Brick Partners Stock Performance

Shares of GRBK opened at $71.07 on Thursday. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. The stock has a market cap of $3.06 billion, a P/E ratio of 9.23 and a beta of 1.79. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $73.16 and a two-hundred day moving average of $70.40.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the business posted $1.85 earnings per share. The business's quarterly revenue was down 10.1% on a year-over-year basis. As a group, research analysts predict 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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