Trek Financial LLC Invests $329,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Trek Financial LLC acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,639 shares of the financial services provider's stock, valued at approximately $329,000.

Several other institutional investors have also recently made changes to their positions in GRBK. Kendall Capital Management lifted its stake in Green Brick Partners by 1.5% during the 1st quarter. Kendall Capital Management now owns 17,323 shares of the financial services provider's stock valued at $1,010,000 after acquiring an additional 255 shares during the period. Bank of Montreal Can lifted its stake in Green Brick Partners by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 310 shares during the period. Vista Finance LLC lifted its stake in Green Brick Partners by 8.1% during the 1st quarter. Vista Finance LLC now owns 5,007 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 374 shares during the period. TBH Global Asset Management LLC lifted its stake in shares of Green Brick Partners by 5.9% in the 1st quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 496 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 645 shares during the period. Institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley began 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 for the company.

Green Brick Partners Stock Down 0.6%

Shares of GRBK traded down $0.40 during mid-day trading on Friday, hitting $66.75. 253,343 shares of the company's stock were exchanged, compared to its average volume of 331,509. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 8.67 and a beta of 1.85. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. 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 stock's 50-day moving average is $61.42 and its 200-day moving average is $59.41.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. On average, sell-side analysts anticipate 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 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.