Rice Hall James & Associates LLC Acquires 30,403 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Rice Hall James & Associates LLC raised its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 49.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,747 shares of the financial services provider's stock after buying an additional 30,403 shares during the period. Rice Hall James & Associates LLC owned about 0.21% of Green Brick Partners worth $5,350,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in Green Brick Partners during the 1st quarter valued at $874,000. CWM LLC raised its holdings in Green Brick Partners by 13.5% in the 1st quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after purchasing an additional 352 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Green Brick Partners by 30.0% in the 1st quarter. New York State Common Retirement Fund now owns 27,720 shares of the financial services provider's stock worth $1,616,000 after purchasing an additional 6,400 shares in the last quarter. Cerity Partners LLC raised its holdings in Green Brick Partners by 68.2% in the 1st quarter. Cerity Partners LLC now owns 10,175 shares of the financial services provider's stock worth $593,000 after purchasing an additional 4,127 shares in the last quarter. Finally, Alps Advisors Inc. raised its holdings in Green Brick Partners by 38.4% in the 1st quarter. Alps Advisors Inc. now owns 6,191 shares of the financial services provider's stock worth $361,000 after purchasing an additional 1,718 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Trading Up 0.3%

NASDAQ GRBK traded up $0.17 during trading on Thursday, hitting $64.91. The company had a trading volume of 191,781 shares, compared to its average volume of 327,008. 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 one year low of $50.57 and a one year high of $84.66. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 8.43 and a beta of 1.85. The company's fifty day moving average is $61.85 and its 200-day moving average is $59.61.

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 the consensus estimate 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 company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. On average, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Green Brick Partners in a report on Monday, June 30th. They issued a "neutral" rating and a $62.00 price objective for the company.

Green Brick Partners Profile

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.