Occudo Quantitative Strategies LP Buys New Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Occudo Quantitative Strategies LP purchased a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,648 shares of the financial services provider's stock, valued at approximately $319,000.

Several other hedge funds also recently added to or reduced their stakes in GRBK. The Manufacturers Life Insurance Company grew its stake in Green Brick Partners by 1,342.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock worth $16,365,000 after acquiring an additional 269,615 shares in the last quarter. Raymond James Financial Inc. bought a new position in Green Brick Partners in the 4th quarter worth about $9,488,000. WCM Investment Management LLC bought a new position in Green Brick Partners in the 4th quarter worth about $8,053,000. Renaissance Technologies LLC grew its stake in Green Brick Partners by 118.1% in the 4th quarter. Renaissance Technologies LLC now owns 145,709 shares of the financial services provider's stock worth $8,231,000 after acquiring an additional 78,900 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in Green Brick Partners by 549.1% in the 4th quarter. Edgestream Partners L.P. now owns 90,218 shares of the financial services provider's stock worth $5,096,000 after acquiring an additional 76,318 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Down 1.7%

Shares of GRBK traded down $1.06 during mid-day trading on Tuesday, hitting $61.21. The company's stock had a trading volume of 321,764 shares, compared to its average volume of 372,317. The company's 50-day moving average is $58.20 and its 200-day moving average is $61.01. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 7.95 and a beta of 1.94. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share 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 posted $1.82 earnings per share. The company's quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a "neutral" rating and issued 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.