Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 49.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,747 shares of the financial services provider's stock after purchasing an additional 30,403 shares during the period. Rice Hall James & Associates LLC owned 0.21% of Green Brick Partners worth $5,350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GRBK. Sterling Capital Management LLC raised its holdings in shares of Green Brick Partners by 758.8% during the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after purchasing an additional 645 shares during the period. Covestor Ltd raised its holdings in shares of Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after purchasing an additional 1,569 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Green Brick Partners by 207.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after purchasing an additional 1,149 shares during the period. Byrne Asset Management LLC raised its holdings in shares of Green Brick Partners by 50.7% during the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after purchasing an additional 730 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock worth $140,000 after purchasing an additional 646 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Performance

Shares of GRBK stock traded down $2.91 during trading hours on Tuesday, reaching $63.69. The stock had a trading volume of 222,237 shares, compared to its average volume of 329,976. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The firm has a 50-day simple moving average of $61.66 and a 200-day simple moving average of $59.51. The firm has a market capitalization of $2.80 billion, a PE ratio of 8.27 and a beta of 1.85.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share 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%. During the same quarter last year, the firm posted $1.82 earnings per share. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on shares of Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 target price on the stock.

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.