Kennondale Capital Management LLC Grows Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Kennondale Capital Management LLC grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 54.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,373 shares of the financial services provider's stock after purchasing an additional 12,139 shares during the quarter. Green Brick Partners comprises about 2.2% of Kennondale Capital Management LLC's holdings, making the stock its 13th biggest holding. Kennondale Capital Management LLC owned about 0.08% of Green Brick Partners worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Green Brick Partners by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock worth $9,921,000 after acquiring an additional 5,375 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Green Brick Partners during the 1st quarter valued at about $371,000. GAMMA Investing LLC increased 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 purchasing an additional 138,190 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Green Brick Partners by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 110,320 shares of the financial services provider's stock valued at $6,232,000 after purchasing an additional 4,746 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Green Brick Partners by 52.5% during the 4th quarter. Bank of America Corp DE now owns 89,055 shares of the financial services provider's stock valued at $5,031,000 after purchasing an additional 30,677 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK traded down $1.61 on Thursday, reaching $65.37. The company's stock had a trading volume of 164,152 shares, compared to its average volume of 292,143. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The stock has a market capitalization of $2.87 billion, a P/E ratio of 8.49 and a beta of 1.85. The stock's 50 day simple moving average is $62.13 and its two-hundred day simple moving average is $59.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the firm posted $1.82 EPS. The company's revenue for the quarter was up 11.2% on a year-over-year basis. 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 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.