Harbor Capital Advisors Inc. Purchases 115,318 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Harbor Capital Advisors Inc. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 114.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,711 shares of the financial services provider's stock after acquiring an additional 115,318 shares during the period. Green Brick Partners comprises about 0.8% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 11th biggest holding. Harbor Capital Advisors Inc. owned 0.48% of Green Brick Partners worth $18,016,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 valued at $163,292,000 after purchasing an additional 307,304 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Green Brick Partners by 368.0% in the first quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider's stock worth $1,214,000 after buying an additional 15,852 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Green Brick Partners by 83.0% during the 1st quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider's stock valued at $5,258,000 after buying an additional 39,601 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Green Brick Partners by 22.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider's stock valued at $4,562,000 after acquiring an additional 14,376 shares during the period. Finally, Caxton Associates LP purchased a new stake in Green Brick Partners in the 2nd quarter worth approximately $858,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

GRBK stock traded down $0.50 during trading on Friday, hitting $68.51. 710,863 shares of the company's stock traded hands, compared to its average volume of 350,762. The business has a fifty day simple moving average of $78.37 and a 200 day simple moving average of $66.97. Green Brick Partners, Inc. has a 52 week low of $42.10 and a 52 week high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 7.57. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.90 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business 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 business posted $1.56 EPS. The firm's revenue was up 25.0% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.