State of Tennessee Department of Treasury Has $1.09 Million Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

State of Tennessee Department of Treasury lifted its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 71.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,336 shares of the financial services provider's stock after purchasing an additional 8,089 shares during the quarter. State of Tennessee Department of Treasury's holdings in Green Brick Partners were worth $1,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRBK. Lakewood Asset Management LLC grew its stake in 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 purchasing an additional 193 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the last quarter. Bank of Montreal Can boosted its stake 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 worth $228,000 after buying an additional 310 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Green Brick Partners by 4.4% during the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after acquiring an additional 400 shares during the last quarter. Finally, Cavalier Investments LLC boosted its position in shares of Green Brick Partners by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock worth $683,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of GRBK traded up $0.65 during mid-day trading on Wednesday, reaching $59.52. 21,424 shares of the company's stock traded hands, compared to its average volume of 375,038. The stock has a market capitalization of $2.61 billion, a P/E ratio of 7.74 and a beta of 1.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The business's 50-day moving average price is $57.99 and its 200-day moving average price is $61.93.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its 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 net margin of 17.70% and a return on equity of 25.35%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wedbush reiterated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a 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.