Punch & Associates Investment Management Inc. Invests $30.45 Million in Green Brick Partners, Inc. $GRBK

Key Points

• Punch & Associates Investment Management acquired 380,387 shares of Green Brick Partners in the second quarter, valued at approximately $30.45 million. The position represents about 1.5% of its portfolio and 0.88% of Green Brick’s outstanding shares.
• Green Brick Partners reported quarterly EPS of $1.70, beating analysts’ $1.39 consensus estimate, though revenue declined 10.1% year over year. Analysts expect full-year EPS of $8.34.
• GRBK shares opened at $73.68, with a $3.17 billion market capitalization and a price-to-earnings ratio of 9.57. Wall Street coverage remains cautious, with two analysts assigning a “Hold” rating and MarketBeat reporting an overall average rating of “Hold.”

Punch & Associates Investment Management Inc. acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 380,387 shares of the financial services provider's stock, valued at approximately $30,446,000. Green Brick Partners comprises approximately 1.5% of Punch & Associates Investment Management Inc.'s investment portfolio, making the stock its 18th biggest position. Punch & Associates Investment Management Inc. owned about 0.88% of Green Brick Partners as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GRBK. Lido Advisors LLC grew its position in shares of Green Brick Partners by 2.1% during the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider's stock worth $439,000 after buying an additional 142 shares during the period. ProShare Advisors LLC boosted its stake in Green Brick Partners by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider's stock worth $380,000 after acquiring an additional 193 shares during the last quarter. Allworth Financial LP bought a new position in Green Brick Partners during the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its holdings in Green Brick Partners by 76.1% during 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, Fiduciary Financial Advisors acquired a new position in Green Brick Partners during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Up 0.2%

NASDAQ:GRBK opened at $73.68 on Thursday. 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 price of $73.49 and a two-hundred day moving average price of $70.55. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 9.57 and a beta of 1.79. 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 released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the company earned $1.85 EPS. The business's revenue was down 10.1% on a year-over-year basis. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

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