Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 18,578 Green Brick Partners, Inc. $GRBK

Diamond Hill Capital Management LLC Investment Advisor bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, HoldingsChannel reports. The fund bought 18,578 shares of the financial services provider’s stock, valued at approximately $1,487,000.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Green Brick Partners by 451,033.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 464,667 shares of the financial services provider’s stock valued at $29,116,000 after buying an additional 464,564 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Green Brick Partners during the 2nd quarter worth $16,702,000. Boston Partners bought a new stake in Green Brick Partners during the third quarter valued at about $13,883,000. Dimensional Fund Advisors LP boosted its stake in Green Brick Partners by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock valued at $113,529,000 after purchasing an additional 104,774 shares during the period. Finally, Norges Bank bought a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $5,352,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

Green Brick Partners stock opened at $70.91 on Tuesday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 9.21 and a beta of 1.79. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12-month low of $60.44 and a 12-month high of $83.18. The business’s 50-day simple moving average is $73.49 and its 200 day simple moving average is $70.54.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analysts Set New Price Targets

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