Green Brick Partners, Inc. $GRBK Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 19.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 248,037 shares of the financial services provider’s stock after buying an additional 41,206 shares during the period. Kennedy Capital Management LLC’s holdings in Green Brick Partners were worth $15,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GRBK. Royal Bank of Canada increased its position in Green Brick Partners by 7.4% during the 1st quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 683 shares during the period. AQR Capital Management LLC increased its position in Green Brick Partners by 91.5% during the 1st quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 9,597 shares during the period. Goldman Sachs Group Inc. increased its position in Green Brick Partners by 13.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock worth $15,757,000 after purchasing an additional 31,547 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Green Brick Partners by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock worth $3,825,000 after purchasing an additional 4,763 shares during the period. Finally, CW Advisors LLC acquired a new position in Green Brick Partners during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $72.24 on Friday. The business’s 50 day simple moving average is $67.55 and its 200-day simple moving average is $68.42. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 9.38 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 12 month low of $58.71 and a 12 month high of $80.97.

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

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.