Rice Hall James & Associates LLC Invests $5.79 Million in Green Brick Partners, Inc. $GRBK

Key Points

• Rice Hall James & Associates LLC bought 72,376 shares of Green Brick Partners worth approximately $5.79 million, representing a 0.17% stake. Institutional investors collectively own 78.24% of the company.
• Green Brick Partners reported quarterly EPS of $1.70, beating estimates of $1.39, although revenue declined 10.1% year over year. Analysts expect full-year EPS of $8.34.
• The stock opened at $70.91, with a market capitalization of about $3.05 billion and a 52-week range of $60.44 to $83.18; analysts maintain a consensus “Hold” rating.

Rice Hall James & Associates LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,376 shares of the financial services provider's stock, valued at approximately $5,793,000. Rice Hall James & Associates LLC owned 0.17% of Green Brick Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Green Brick Partners by 451,033.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 464,667 shares of the financial services provider's stock valued at $29,116,000 after purchasing an additional 464,564 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at $16,702,000. Boston Partners acquired a new stake in shares of Green Brick Partners in the 3rd quarter valued at $13,883,000. Dimensional Fund Advisors LP grew its holdings in shares of Green Brick Partners by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider's stock worth $113,529,000 after purchasing an additional 104,774 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Green Brick Partners in the 4th quarter worth about $5,352,000. Institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp restated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Green Brick Partners Price Performance

Green Brick Partners stock opened at $70.91 on Tuesday. The business's fifty day moving average is $73.49 and its two-hundred day moving average is $70.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The firm has a market cap of $3.05 billion, a P/E ratio of 9.21 and a beta of 1.79. Green Brick Partners, Inc. has a 52 week low of $60.44 and a 52 week high of $83.18.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, beating 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 period last year, the firm earned $1.85 earnings per share. The business's quarterly revenue was down 10.1% on a year-over-year basis. Equities research analysts forecast 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 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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