Kennedy Capital Management LLC Lowers Stake in Green Brick Partners, Inc. $GRBK

Kennedy Capital Management LLC cut its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 206,831 shares of the financial services provider’s stock after selling 9,383 shares during the period. Kennedy Capital Management LLC’s holdings in Green Brick Partners were worth $15,277,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GRBK. Osterweis Capital Management Inc. purchased a new position in Green Brick Partners during the second quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its holdings in Green Brick Partners by 1,228.6% in the third quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 430 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Green Brick Partners by 40.9% in the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock valued at $37,000 after buying an additional 172 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Green Brick Partners by 195.5% during the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock worth $44,000 after buying an additional 391 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Green Brick Partners during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Price Performance

Shares of GRBK traded up $0.55 during mid-day trading on Friday, hitting $64.61. 19,890 shares of the company were exchanged, compared to its average volume of 214,496. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 8.38 and a beta of 1.99. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $80.97. The company has a 50 day moving average of $72.36 and a 200-day moving average of $69.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the previous year, the business posted $2.31 EPS. The company’s revenue was down 2.6% on a year-over-year basis. Analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on shares of Green Brick Partners in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Green Brick Partners Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.