Hsbc Holdings PLC Invests $1.25 Million in Green Brick Partners, Inc. $GRBK

Key Points

• HSBC Holdings purchased a new $1.25 million stake in Green Brick Partners during the second quarter, acquiring 15,700 shares. Institutional investors collectively own 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, beating analyst expectations of $1.39, although revenue declined 10.1% year over year. Analysts project full-year EPS of $8.34.
• GRBK shares opened at $72.37, with a market capitalization of approximately $3.11 billion and a price-to-earnings ratio of 9.40. Analysts maintain a consensus “Hold” rating.

Hsbc Holdings PLC purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,700 shares of the financial services provider's stock, valued at approximately $1,250,000.

Several other large investors have also recently added to or reduced their stakes in GRBK. Allworth Financial LP bought a new position in shares of Green Brick Partners during the second quarter worth approximately $27,000. Fiduciary Financial Advisors acquired a new position in Green Brick Partners during the second quarter valued at approximately $31,000. Osterweis Capital Management Inc. bought a new stake in Green Brick Partners during the second quarter worth $31,000. Clearstead Advisors LLC lifted its stake in Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock worth $35,000 after purchasing an additional 458 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of 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. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

Shares of GRBK opened at $72.37 on Tuesday. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. The business has a 50-day simple moving average of $73.41 and a two-hundred day simple moving average of $70.49. 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 cap of $3.11 billion, a PE ratio of 9.40 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.39 by $0.31. 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 earned $1.85 earnings per share. The firm's quarterly revenue was down 10.1% compared to the same quarter last year. Analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citizens Jmp reiterated a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

About Green Brick Partners

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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