MQS Management LLC Purchases Shares of 9,149 Green Brick Partners, Inc. $GRBK

MQS Management LLC purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 1st quarter, Holdings Channel.com reports. The fund purchased 9,149 shares of the financial services provider’s stock, valued at approximately $590,000.

A number of other hedge funds have also recently made changes to their positions in GRBK. Osterweis Capital Management Inc. purchased a new stake in shares of Green Brick Partners in the 2nd quarter valued at $31,000. Clearstead Advisors LLC grew its holdings in shares of Green Brick Partners by 467.3% during the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 458 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Green Brick Partners by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 354 shares during the period. Pinnacle Holdings LLC purchased a new position in Green Brick Partners in the 4th quarter worth $69,000. Finally, NBC Securities Inc. raised its position in Green Brick Partners by 5,724.0% in the 4th quarter. NBC Securities Inc. now owns 1,456 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,431 shares during the period. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Price Performance

GRBK opened at $80.09 on Wednesday. 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 stock’s 50 day simple moving average is $69.81 and its 200 day simple moving average is $69.24. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 10.40 and a beta of 1.81. Green Brick Partners, Inc. has a 1 year low of $60.44 and a 1 year high of $83.18.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share for the quarter, beating 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%.The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Green Brick Partners

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.