Cerity Partners LLC Has $593,000 Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cerity Partners LLC lifted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 68.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,175 shares of the financial services provider's stock after purchasing an additional 4,127 shares during the quarter. Cerity Partners LLC's holdings in Green Brick Partners were worth $593,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GRBK. Sterling Capital Management LLC raised its position in shares of Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after purchasing an additional 645 shares during the last quarter. Covestor Ltd boosted its holdings in Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after acquiring an additional 1,569 shares during the period. Byrne Asset Management LLC raised its position in shares of Green Brick Partners by 50.7% in the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 730 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Green Brick Partners by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 646 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Green Brick Partners in the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded up $0.68 during trading on Friday, reaching $66.15. The stock had a trading volume of 191,516 shares, compared to its average volume of 292,019. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock has a market cap of $2.91 billion, a PE ratio of 8.59 and a beta of 1.85. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The firm's 50 day moving average price is $62.20 and its two-hundred day moving average price is $59.93.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm's quarterly revenue was up 11.2% on a year-over-year basis. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Green Brick Partners 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.