The Manufacturers Life Insurance Company Boosts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

The Manufacturers Life Insurance Company boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1,342.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 289,704 shares of the financial services provider's stock after acquiring an additional 269,615 shares during the period. The Manufacturers Life Insurance Company owned about 0.65% of Green Brick Partners worth $16,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its stake in 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 valued at $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Green Brick Partners during the fourth quarter worth approximately $57,000. Nisa Investment Advisors LLC raised its stake in Green Brick Partners by 26.1% in the 4th 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. Covestor Ltd lifted its holdings in Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after purchasing an additional 1,149 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Down 1.5 %

Shares of GRBK stock traded down $0.90 during trading on Friday, reaching $59.73. The company's stock had a trading volume of 61,408 shares, compared to its average volume of 373,967. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The stock's 50-day moving average price is $58.03 and its 200 day moving average price is $61.79. 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 company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 7.76 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 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 company's revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated a "neutral" rating and set a $70.00 price target on shares of Green Brick Partners in a report on Friday, February 28th.

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.