Algert Global LLC Acquires 20,599 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Algert Global LLC lifted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 44.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,054 shares of the financial services provider's stock after buying an additional 20,599 shares during the quarter. Algert Global LLC owned about 0.15% of Green Brick Partners worth $5,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider's stock worth $163,292,000 after purchasing an additional 307,304 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Green Brick Partners by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider's stock worth $92,106,000 after purchasing an additional 16,613 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Green Brick Partners by 0.8% during the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider's stock worth $42,540,000 after purchasing an additional 6,045 shares during the period. American Century Companies Inc. raised its position in Green Brick Partners by 0.5% in the 2nd quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider's stock valued at $33,834,000 after buying an additional 2,875 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Green Brick Partners by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 511,482 shares of the financial services provider's stock valued at $30,808,000 after purchasing an additional 32,373 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Trading Up 2.9 %

Shares of GRBK stock traded up $2.01 during trading hours on Friday, reaching $70.67. The company's stock had a trading volume of 336,785 shares, compared to its average volume of 391,204. The stock has a market capitalization of $3.14 billion, a P/E ratio of 9.18 and a beta of 1.83. Green Brick Partners, Inc. has a one year low of $46.61 and a one year high of $84.66. The firm's fifty day simple moving average is $76.54 and its 200 day simple moving average is $68.71. 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 (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 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 in the prior year, the business posted $1.56 earnings per share. Green Brick Partners's quarterly revenue was up 25.0% compared to the same quarter last year. Equities research analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush reissued 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 raised their price target on Green Brick Partners from $62.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd.

Green Brick Partners Company 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.