New Age Alpha Advisors LLC Acquires New Shares in Green Brick Partners, Inc. $GRBK

New Age Alpha Advisors LLC purchased a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,731 shares of the financial services provider’s stock, valued at approximately $1,487,000. New Age Alpha Advisors LLC owned approximately 0.05% of Green Brick Partners at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. boosted its stake in shares of Green Brick Partners by 9.1% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 16,702 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 1,400 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Green Brick Partners during the fourth quarter valued at about $121,000. ProShare Advisors LLC boosted its stake in shares of Green Brick Partners by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 193 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Green Brick Partners by 5.8% during the fourth quarter. HighTower Advisors LLC now owns 42,635 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 2,356 shares in the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Green Brick Partners during the fourth quarter valued at about $1,503,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

Shares of GRBK opened at $68.07 on Thursday. Green Brick Partners, Inc. has a 1 year low of $56.85 and a 1 year high of $80.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.84 and a beta of 1.85. The business has a 50-day moving average of $66.10 and a 200-day moving average of $67.92.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter in the prior year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners has an average rating of “Hold” and a consensus price target of $62.00.

Green Brick Partners Company 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.