Janney Montgomery Scott LLC Purchases New Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Janney Montgomery Scott LLC acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,365 shares of the financial services provider's stock, valued at approximately $371,000.

Several other hedge funds have also recently bought and sold shares of GRBK. Sterling Capital Management LLC grew its holdings in shares of Green Brick Partners by 758.8% during the fourth 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. SBI Securities Co. Ltd. bought a new position in Green Brick Partners during the fourth quarter worth about $57,000. Covestor Ltd boosted its holdings in Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after buying an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of Green Brick Partners by 50.7% during 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. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK traded up $0.25 during trading on Tuesday, reaching $63.66. 262,882 shares of the company traded hands, compared to its average volume of 334,727. The company's 50 day moving average is $60.96 and its two-hundred day moving average is $59.21. The firm has a market capitalization of $2.80 billion, a PE ratio of 8.27 and a beta of 1.85. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (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%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. As a group, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

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.