Twinbeech Capital LP Purchases New Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Twinbeech Capital LP bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 114,589 shares of the financial services provider's stock, valued at approximately $6,473,000. Twinbeech Capital LP owned approximately 0.26% of Green Brick Partners at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 645 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Green Brick Partners in the fourth quarter valued at $57,000. Nisa Investment Advisors LLC lifted its stake in Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 289 shares during the last quarter. Covestor Ltd lifted its stake in Green Brick Partners by 10,460.0% in the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 1,569 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Green Brick Partners by 207.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK traded up $0.18 during mid-day trading on Friday, reaching $59.13. 208,787 shares of the company's stock were exchanged, compared to its average volume of 371,221. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The firm has a market capitalization of $2.60 billion, a PE ratio of 7.68 and a beta of 1.94. The business's fifty day simple moving average is $58.34 and its two-hundred day simple moving average is $60.76. 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 EPS 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 in the prior year, the business earned $1.82 EPS. Green Brick Partners's revenue for the quarter was up 11.2% on a year-over-year basis. Analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush restated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th.

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.