Voloridge Investment Management LLC Boosts Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Voloridge Investment Management LLC boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 65.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 193,597 shares of the financial services provider's stock after purchasing an additional 76,482 shares during the period. Voloridge Investment Management LLC owned about 0.44% of Green Brick Partners worth $10,936,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in shares of Green Brick Partners by 758.8% during the 4th 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 period. SBI Securities Co. Ltd. bought a new position in shares of Green Brick Partners during the 4th quarter valued at approximately $57,000. Nisa Investment Advisors LLC grew its position in shares of Green Brick Partners by 26.1% during the 4th 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 period. Covestor Ltd grew its position in shares of Green Brick Partners by 10,460.0% during the 4th 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 period. Finally, PNC Financial Services Group Inc. grew its position in shares of Green Brick Partners by 207.8% during the 4th 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 period. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Price Performance

NASDAQ GRBK traded down $0.53 on Friday, hitting $58.32. The stock had a trading volume of 47,106 shares, compared to its average volume of 368,954. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-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 company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 7.58 and a beta of 1.94. The firm has a 50-day moving average of $58.38 and a 200-day moving average of $60.48.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its 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%. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The business's quarterly revenue was up 11.2% compared to the same quarter last year. Equities analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report 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.