Tower Research Capital LLC TRC Raises Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Tower Research Capital LLC TRC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1,157.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,757 shares of the financial services provider's stock after purchasing an additional 5,299 shares during the quarter. Tower Research Capital LLC TRC's holdings in Green Brick Partners were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in Green Brick Partners by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock valued at $22,462,000 after purchasing an additional 33,152 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Green Brick Partners by 68.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock worth $24,437,000 after acquiring an additional 118,858 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Green Brick Partners by 26.5% during the fourth quarter. Annex Advisory Services LLC now owns 271,931 shares of the financial services provider's stock valued at $15,361,000 after purchasing an additional 57,045 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Green Brick Partners by 2.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider's stock worth $12,457,000 after purchasing an additional 4,811 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Green Brick Partners in the fourth quarter worth $9,488,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

NASDAQ GRBK traded up $0.82 on Wednesday, reaching $59.69. The company had a trading volume of 17,743 shares, compared to its average volume of 375,012. The stock has a market capitalization of $2.62 billion, a PE ratio of 7.75 and a beta of 1.94. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm'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 released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 earnings per share. As a group, equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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.

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.