The Manufacturers Life Insurance Company Makes New Investment in Green Brick Partners, Inc. $GRBK

Key Points

• The Manufacturers Life Insurance Company purchased 348,037 Green Brick Partners shares worth approximately $27.9 million, representing a 0.81% stake.
• Institutional investors own 78.24% of the company’s stock, while analysts maintain a consensus “Hold” rating.
• Green Brick Partners reported quarterly EPS of $1.70, beating estimates of $1.39, although revenue declined 10.1% year over year; shares opened at $72.77, down 1.4%.

The Manufacturers Life Insurance Company purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 348,037 shares of the financial services provider's stock, valued at approximately $27,857,000. The Manufacturers Life Insurance Company owned 0.81% of Green Brick Partners as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Allworth Financial LP purchased a new stake in Green Brick Partners during the second quarter worth about $27,000. Fiduciary Financial Advisors purchased a new position in Green Brick Partners in the second quarter valued at about $31,000. Osterweis Capital Management Inc. purchased a new position in Green Brick Partners in the second quarter valued at about $31,000. Clearstead Advisors LLC lifted its position in shares of Green Brick Partners by 467.3% during the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 458 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp reissued a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

Green Brick Partners Trading Down 1.4%

NASDAQ:GRBK opened at $72.77 on Friday. The company has a market capitalization of $3.13 billion, a PE ratio of 9.45 and a beta of 1.79. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The stock has a fifty day simple moving average of $73.45 and a 200-day simple moving average of $70.53.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released 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%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS. On average, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Company 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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