Kendall Capital Management Makes New Investment in Green Brick Partners, Inc. $GRBK

Key Points

• Kendall Capital Management acquired 27,533 shares of Green Brick Partners in the second quarter, valued at approximately $2.2 million. 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 $71.89, with a market capitalization of $3.09 billion and a consensus analyst rating of Hold.

Kendall Capital Management bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,533 shares of the financial services provider's stock, valued at approximately $2,204,000. Kendall Capital Management owned approximately 0.06% of Green Brick Partners at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Green Brick Partners during the second quarter valued at approximately $27,000. Osterweis Capital Management Inc. purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth approximately $31,000. Clearstead Advisors LLC increased its holdings in Green Brick Partners by 467.3% in the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock worth $35,000 after acquiring an additional 458 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Green Brick Partners by 76.1% in the fourth 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 during the period. Finally, Optiver Holding B.V. raised its holdings in Green Brick Partners by 106,900.0% during the 1st quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,069 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Trading Up 1.4%

NASDAQ GRBK opened at $71.89 on Friday. The firm has a market cap of $3.09 billion, a PE ratio of 9.34 and a beta of 1.79. Green Brick Partners, Inc. has a 1-year low of $60.44 and a 1-year high of $83.18. The stock has a 50-day moving average of $73.42 and a 200-day moving average of $70.56. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping 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%.The company's quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. As a group, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Green Brick Partners 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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