Penserra Capital Management LLC Purchases Shares of 28,393 Green Brick Partners, Inc. (NASDAQ:GRBK)

Penserra Capital Management LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,393 shares of the financial services provider's stock, valued at approximately $2,371,000. Penserra Capital Management LLC owned 0.06% of Green Brick Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in GRBK. Algert Global LLC lifted its position in Green Brick Partners by 44.3% in the third quarter. Algert Global LLC now owns 67,054 shares of the financial services provider's stock valued at $5,600,000 after purchasing an additional 20,599 shares during the period. Citigroup Inc. increased its stake in shares of Green Brick Partners by 56.8% during the 3rd quarter. Citigroup Inc. now owns 59,318 shares of the financial services provider's stock worth $4,954,000 after purchasing an additional 21,478 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Green Brick Partners by 19.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider's stock worth $30,441,000 after purchasing an additional 58,935 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Green Brick Partners during the 3rd quarter worth approximately $769,000. Finally, Swiss National Bank increased its stake in shares of Green Brick Partners by 6.1% during the 3rd quarter. Swiss National Bank now owns 65,800 shares of the financial services provider's stock worth $5,496,000 after purchasing an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on GRBK shares. B. Riley lifted their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Wedbush reaffirmed a "neutral" rating and set a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Stock Down 3.4 %

NASDAQ:GRBK traded down $2.57 on Tuesday, reaching $72.18. The stock had a trading volume of 268,440 shares, compared to its average volume of 388,915. Green Brick Partners, Inc. has a 12-month low of $46.61 and a 12-month high of $84.66. The stock has a market cap of $3.21 billion, a P/E ratio of 9.36 and a beta of 1.83. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $76.44 and a 200 day moving average of $68.84.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same period in the prior year, the company posted $1.56 earnings per share. The business's revenue was up 25.0% on a year-over-year basis. On average, research analysts predict that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

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.