Bailard Inc. Purchases Shares of 8,693 Green Brick Partners, Inc. (NASDAQ:GRBK)

Bailard Inc. acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,693 shares of the financial services provider’s stock, valued at approximately $452,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GRBK. Vanguard Group Inc. raised its stake in Green Brick Partners by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock worth $89,926,000 after buying an additional 199,471 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Green Brick Partners by 76.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after acquiring an additional 543,450 shares in the last quarter. American Century Companies Inc. raised its position in shares of Green Brick Partners by 30.7% during the third quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after purchasing an additional 99,240 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Green Brick Partners by 155.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock worth $6,616,000 after purchasing an additional 96,923 shares in the last quarter. Finally, Algert Global LLC grew its position in Green Brick Partners by 27.9% in the 3rd quarter. Algert Global LLC now owns 157,114 shares of the financial services provider’s stock valued at $6,522,000 after purchasing an additional 34,310 shares during the period. Institutional investors own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GRBK. StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th. Wedbush reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Green Brick Partners in a research report on Friday, March 1st. Finally, B. Riley boosted their price objective on Green Brick Partners from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, March 4th.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $55.59 on Friday. Green Brick Partners, Inc. has a 1-year low of $35.62 and a 1-year high of $61.62. The company has a current ratio of 8.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.50 billion, a PE ratio of 9.05 and a beta of 1.71. The stock’s fifty day simple moving average is $55.85 and its two-hundred day simple moving average is $50.85.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Friday, March 1st. The financial services provider reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). The firm had revenue of $450.38 million for the quarter, compared to the consensus estimate of $478.10 million. Green Brick Partners had a net margin of 16.01% and a return on equity of 24.19%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.18 earnings per share. As a group, analysts forecast that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the transaction, the director now owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 44.40% of the company’s stock.

Green Brick Partners Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.