Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 51.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,761 shares of the financial services provider's stock after buying an additional 7,066 shares during the period. Rafferty Asset Management LLC's holdings in Green Brick Partners were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Green Brick Partners in the fourth quarter worth approximately $57,000. Nisa Investment Advisors LLC raised its stake in Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after buying an additional 289 shares in the last quarter. Covestor Ltd raised its stake in Green Brick Partners by 10,460.0% in 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Green Brick Partners by 207.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after buying an additional 1,149 shares in the last quarter. Institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush reissued a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Stock Up 0.8%

Shares of GRBK stock traded up $0.46 during trading hours on Tuesday, reaching $59.55. 68,254 shares of the company's stock were exchanged, compared to its average volume of 309,845. The stock's 50 day moving average is $58.34 and its 200-day moving average is $60.59. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 7.73 and a beta of 1.94. 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, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly 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 firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. Analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

About Green Brick Partners

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.