First Sabrepoint Capital Management LP Acquires 75,000 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

First Sabrepoint Capital Management LP raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 125.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,000 shares of the financial services provider's stock after purchasing an additional 75,000 shares during the period. Green Brick Partners accounts for approximately 2.0% of First Sabrepoint Capital Management LP's portfolio, making the stock its 17th largest holding. First Sabrepoint Capital Management LP owned approximately 0.30% of Green Brick Partners worth $7,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Lakewood Asset Management LLC raised its position in shares of Green Brick Partners by 2.4% during the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock worth $467,000 after buying an additional 193 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 worth $79,000 after buying an additional 289 shares during the period. Bank of Montreal Can boosted its holdings in Green Brick Partners by 8.3% in the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 310 shares during the period. Handelsbanken Fonder AB boosted its holdings in Green Brick Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 400 shares during the period. Finally, Cavalier Investments LLC boosted its holdings in Green Brick Partners by 4.1% during the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

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 Trading Down 2.3%

Shares of NASDAQ:GRBK traded down $1.46 during trading on Wednesday, hitting $61.58. 208,022 shares of the company's stock were exchanged, compared to its average volume of 373,576. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The firm has a 50-day moving average price of $58.10 and a two-hundred day moving average price of $61.40. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.70 billion, a P/E ratio of 8.00 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 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 last year, the firm posted $1.82 EPS. The business's revenue was up 11.2% compared to the same quarter last year. Equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

About Green Brick Partners

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.