Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 65.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,597 shares of the financial services provider's stock after acquiring an additional 76,482 shares during the period. Voloridge Investment Management LLC owned 0.44% of Green Brick Partners worth $10,936,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GRBK. Sterling Capital Management LLC boosted its position 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 worth $41,000 after purchasing an additional 645 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Green Brick Partners in the 4th quarter valued at $57,000. Nisa Investment Advisors LLC raised its stake 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 buying an additional 289 shares during the last quarter. Covestor Ltd lifted its holdings 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 period. Finally, PNC Financial Services Group Inc. boosted its holdings in 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 buying an additional 1,149 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

NASDAQ GRBK traded down $2.20 during mid-day trading on Wednesday, hitting $58.21. The stock had a trading volume of 303,999 shares, compared to its average volume of 370,811. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm's 50 day moving average is $58.37 and its 200 day moving average is $60.58. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 7.56 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the previous year, the business earned $1.82 earnings per share. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Green Brick Partners 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.