Oppenheimer & Co. Inc. Makes New Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Oppenheimer & Co. Inc. bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,183 shares of the financial services provider's stock, valued at approximately $1,352,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GRBK. Hollencrest Capital Management acquired a new position in Green Brick Partners in the third quarter valued at $29,000. Blue Trust Inc. acquired a new position in shares of Green Brick Partners during the second quarter valued at about $48,000. nVerses Capital LLC raised its holdings in shares of Green Brick Partners by 1,000.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 2,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 305 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Green Brick Partners during the third quarter valued at about $209,000. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Up 1.0 %

Shares of GRBK traded up $0.69 on Tuesday, reaching $68.89. The company's stock had a trading volume of 222,705 shares, compared to its average volume of 391,024. 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, Inc. has a twelve month low of $46.61 and a twelve month high of $84.66. The stock has a market capitalization of $3.07 billion, a PE ratio of 8.95 and a beta of 1.83. The firm has a fifty day moving average of $76.94 and a 200-day moving average of $68.43.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same period in the previous year, the company posted $1.56 earnings per share. The company's revenue for the quarter was up 25.0% on a year-over-year basis. Equities analysts predict that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GRBK. Wedbush reiterated a "neutral" rating and set a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley upped their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a "neutral" rating in a report on Friday, August 2nd.

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.