Vanguard Group Inc. Has $89.93 Million Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Vanguard Group Inc. grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,166,373 shares of the financial services provider's stock after acquiring an additional 199,471 shares during the quarter. Vanguard Group Inc. owned about 4.77% of Green Brick Partners worth $89,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Green Brick Partners by 154.2% during the first quarter. Tower Research Capital LLC TRC now owns 854 shares of the financial services provider's stock worth $30,000 after buying an additional 518 shares during the period. US Bancorp DE lifted its position in Green Brick Partners by 345.6% during the second quarter. US Bancorp DE now owns 557 shares of the financial services provider's stock worth $32,000 after buying an additional 432 shares during the period. Lazard Asset Management LLC purchased a new position in Green Brick Partners during the first quarter worth about $51,000. Covestor Ltd lifted its position in Green Brick Partners by 1,175.2% during the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider's stock worth $57,000 after buying an additional 2,656 shares during the period. Finally, Point72 Hong Kong Ltd lifted its position in Green Brick Partners by 86.3% during the first quarter. Point72 Hong Kong Ltd now owns 3,182 shares of the financial services provider's stock worth $63,000 after buying an additional 1,474 shares during the period. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Trading Down 0.0 %

Shares of Green Brick Partners stock traded down $0.02 during trading hours on Friday, reaching $58.21. The stock had a trading volume of 248,852 shares, compared to its average volume of 357,740. The firm has a 50 day simple moving average of $55.38 and a two-hundred day simple moving average of $49.52. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 9.48 and a beta of 1.71. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. Green Brick Partners, Inc. has a 1 year low of $32.71 and a 1 year high of $61.62.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings data on Friday, March 1st. The financial services provider reported $1.58 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($0.09). Green Brick Partners had a return on equity of 24.19% and a net margin of 16.01%. The firm had revenue of $450.38 million during the quarter, compared to analysts' expectations of $478.10 million. During the same quarter last year, the business earned $1.18 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

Insider Activity

In related news, Director Richard S. Press bought 1,000 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the purchase, the director now owns 88,063 shares in the company, valued at $4,565,185.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GRBK shares. B. Riley increased their target price on Green Brick Partners from $55.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, March 4th. Wedbush reiterated a "neutral" rating and set a $45.00 target price on shares of Green Brick Partners in a research report on Friday, March 1st. Finally, StockNews.com downgraded Green Brick Partners from a "buy" rating to a "hold" rating in a report on Sunday, March 17th.

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.