Ranger Investment Management L.P. Buys New Holdings in Green Brick Partners, Inc. $GRBK

Key Points

• Ranger Investment Management acquired 96,255 shares of Green Brick Partners during the second quarter, valued at approximately $7.7 million and representing about 0.22% of the company.
• Green Brick reported quarterly EPS of $1.70, exceeding the $1.39 consensus estimate, although revenue declined 10.1% year over year. The company posted a 17.70% net margin and 25.35% return on equity.
• GRBK opened at $71.89, with a market capitalization of roughly $3.09 billion and a 12-month trading range of $60.44 to $83.18. Analysts maintain a consensus “Hold” rating, while institutional investors own 78.24% of the stock.

Ranger Investment Management L.P. bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 96,255 shares of the financial services provider's stock, valued at approximately $7,704,000. Ranger Investment Management L.P. owned approximately 0.22% of Green Brick Partners as of its most recent filing with the Securities & Exchange Commission.

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

Green Brick Partners Trading Down 0.0%

NASDAQ GRBK opened at $71.89 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a market capitalization of $3.09 billion, a P/E ratio of 9.34 and a beta of 1.79. The firm's 50-day moving average is $73.42 and its two-hundred day moving average is $70.57. Green Brick Partners, Inc. has a 12 month low of $60.44 and a 12 month high of $83.18.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued 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 last year, the company posted $1.85 EPS. The business's revenue for the quarter was down 10.1% on a year-over-year basis. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp restated 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, Based on data from MarketBeat, Green Brick Partners 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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