Jupiter Topco LLC Invests $1.12 Million in Green Brick Partners, Inc. $GRBK

Key Points

• Jupiter Topco LLC acquired 14,040 shares of Green Brick Partners during the second quarter, valued at approximately $1.12 million. Other institutions also initiated positions, with institutional investors collectively owning 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, exceeding the $1.39 consensus estimate, although revenue declined 10.1% year over year. Analysts forecast full-year EPS of $8.34.
• Shares opened at $71.24, with a $3.06 billion market capitalization and a P/E ratio of 9.25. Analysts maintain an average “Hold” rating, while the company operates as a residential homebuilder in major Sun Belt markets.

Jupiter Topco LLC purchased a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,040 shares of the financial services provider's stock, valued at approximately $1,123,000.

Several other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in Green Brick Partners in the second quarter valued at approximately $1,250,000. Legal & General Group Plc purchased a new stake in Green Brick Partners in the second quarter worth $5,454,000. The Manufacturers Life Insurance Company purchased a new stake in Green Brick Partners in the second quarter worth $27,857,000. Fiduciary Financial Advisors bought a new stake in shares of Green Brick Partners in the second quarter valued at $31,000. Finally, Ranger Investment Management L.P. bought a new stake in shares of Green Brick Partners in the second quarter valued at $7,704,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $71.24 on Friday. The company's 50 day moving average is $72.79 and its 200-day moving average is $70.33. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. 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 firm has a market cap of $3.06 billion, a P/E ratio of 9.25 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $1.85 earnings per share. The business's revenue was down 10.1% compared to the same quarter last year. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

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

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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