Semanteon Capital Management LP Sells 10,303 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Semanteon Capital Management LP lowered its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,814 shares of the financial services provider's stock after selling 10,303 shares during the quarter. Semanteon Capital Management LP's holdings in Green Brick Partners were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GRBK. Vanguard Group Inc. increased its stake in shares of Green Brick Partners by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider's stock valued at $124,855,000 after buying an additional 237,463 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Green Brick Partners in the first quarter valued at approximately $233,000. Principal Financial Group Inc. increased its stake in shares of Green Brick Partners by 2.7% in the first quarter. Principal Financial Group Inc. now owns 143,241 shares of the financial services provider's stock valued at $8,627,000 after buying an additional 3,794 shares during the period. Shariaportfolio Inc. increased its stake in shares of Green Brick Partners by 9.4% in the first quarter. Shariaportfolio Inc. now owns 11,420 shares of the financial services provider's stock valued at $688,000 after buying an additional 985 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Green Brick Partners by 34.1% during the 1st quarter. BNP Paribas Financial Markets now owns 25,193 shares of the financial services provider's stock valued at $1,517,000 after purchasing an additional 6,400 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GRBK shares. Wedbush reissued a "neutral" rating and set a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley increased their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd.

Green Brick Partners Trading Up 2.2 %

NASDAQ:GRBK traded up $1.66 on Monday, reaching $76.62. 267,628 shares of the stock traded hands, compared to its average volume of 388,859. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 11.63 and a beta of 1.80. The company's 50 day moving average is $78.65 and its 200-day moving average is $66.56. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. Green Brick Partners, Inc. has a 1-year low of $37.31 and a 1-year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.55. The firm had revenue of $560.63 million for the quarter, compared to analysts' expectations of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

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.