Argent Capital Management LLC Has $2.41 Million Position in Green Brick Partners, Inc. $GRBK

Argent Capital Management LLC boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 45.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 37,404 shares of the financial services provider’s stock after purchasing an additional 11,672 shares during the period. Argent Capital Management LLC’s holdings in Green Brick Partners were worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Green Brick Partners by 7.4% during the first quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock worth $579,000 after buying an additional 683 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of 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 valued at $1,172,000 after acquiring an additional 9,597 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Green Brick Partners by 13.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $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 grew its position in Green Brick Partners by 7.8% in the first 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 valued at $3,825,000 after acquiring an additional 4,763 shares during the period. Finally, CW Advisors LLC acquired a new position in Green Brick Partners during the second quarter worth $223,000. 78.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Green Brick Partners currently has an average rating of “Hold”.

Green Brick Partners Stock Up 0.8%

Shares of NASDAQ GRBK opened at $70.67 on Friday. Green Brick Partners, Inc. has a 1 year low of $60.44 and a 1 year high of $83.18. The firm has a market capitalization of $3.05 billion, a PE ratio of 9.18 and a beta of 1.79. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $72.75 and its 200-day moving average is $70.59.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the business posted $1.85 earnings per share. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current 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.