Trek Financial LLC Acquires New Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

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

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sterling Capital Management LLC increased its stake 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 buying an additional 645 shares during the period. Covestor Ltd grew its position 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 acquiring an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 1,149 shares during the last quarter. Byrne Asset Management LLC grew its position 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 acquiring an additional 730 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Green Brick Partners by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Green Brick Partners Price Performance

Shares of NASDAQ GRBK opened at $66.61 on Thursday. The firm has a market capitalization of $2.93 billion, a P/E ratio of 8.65 and a beta of 1.85. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company's fifty day moving average is $61.11 and its two-hundred day moving average is $59.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released 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 was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. Analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS 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.

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