HB Wealth Management LLC Acquires Shares of 28,307 Green Brick Partners, Inc. (NASDAQ:GRBK)

HB Wealth Management LLC bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 28,307 shares of the financial services provider's stock, valued at approximately $1,599,000. HB Wealth Management LLC owned 0.06% of Green Brick Partners as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of GRBK. Lakewood Asset Management LLC raised its position in shares of Green Brick Partners by 2.4% during the fourth quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock valued at $467,000 after buying an additional 193 shares during the last quarter. Argent Capital Management LLC increased its holdings in Green Brick Partners by 32.6% in the 4th quarter. Argent Capital Management LLC now owns 26,315 shares of the financial services provider's stock valued at $1,487,000 after acquiring an additional 6,467 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Green Brick Partners by 2.2% in the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Green Brick Partners by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock valued at $24,437,000 after purchasing an additional 118,858 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Green Brick Partners by 15.3% during the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after purchasing an additional 21,012 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Price Performance

GRBK traded up $0.22 during trading hours on Tuesday, hitting $60.06. The company's stock had a trading volume of 422,481 shares, compared to its average volume of 284,080. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 7.80 and a beta of 1.84. The business's 50-day moving average price is $63.24 and its 200-day moving average price is $70.44. 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 12 month low of $48.66 and a 12 month high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share 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 business had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same quarter last year, the firm earned $1.56 earnings per share. The business's quarterly revenue was up 25.0% on a year-over-year basis. Sell-side analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

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.