Argent Capital Management LLC Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Argent Capital Management LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,315 shares of the financial services provider's stock after acquiring an additional 6,467 shares during the period. Argent Capital Management LLC owned approximately 0.06% of Green Brick Partners worth $1,487,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Green Brick Partners by 2.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider's stock valued at $12,457,000 after acquiring an additional 4,811 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Green Brick Partners by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock valued at $24,437,000 after acquiring an additional 118,858 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 acquiring an additional 21,012 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Green Brick Partners during the third quarter valued at approximately $1,030,000. Finally, Invst LLC raised its stake in shares of Green Brick Partners by 11.8% during the third quarter. Invst LLC now owns 11,246 shares of the financial services provider's stock valued at $939,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of GRBK traded up $0.16 during trading hours on Thursday, reaching $59.85. 204,318 shares of the company traded hands, compared to its average volume of 261,852. The stock has a market capitalization of $2.66 billion, a P/E ratio of 7.77 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12-month low of $48.38 and a 12-month high of $84.66. The business has a fifty day moving average price of $63.98 and a 200-day moving average price of $70.24.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company's revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 earnings per share. Equities analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.