Tidal Investments LLC Takes $1.03 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Tidal Investments LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 12,327 shares of the financial services provider's stock, valued at approximately $1,030,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in Green Brick Partners by 5.8% in the 3rd quarter. State Street Corp now owns 1,737,812 shares of the financial services provider's stock worth $145,142,000 after acquiring an additional 94,834 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Green Brick Partners by 1.0% in the 2nd 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. Geode Capital Management LLC boosted its position in shares of Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock valued at $59,324,000 after acquiring an additional 59,098 shares during the period. American Century Companies Inc. grew its stake in Green Brick Partners by 0.5% during the second quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider's stock valued at $33,834,000 after acquiring an additional 2,875 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Green Brick Partners by 19.3% in 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. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Green Brick Partners Trading Up 1.7 %

Shares of Green Brick Partners stock traded up $0.94 during trading on Friday, reaching $57.63. The company's stock had a trading volume of 697,143 shares, compared to its average volume of 383,833. The firm's 50-day moving average is $71.57 and its two-hundred day moving average is $70.11. 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 52-week low of $48.38 and a 52-week high of $84.66. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 7.48 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released 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). The company had revenue of $523.70 million for the quarter, compared to analysts' expectations of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $1.56 EPS. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current 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.