Rafferty Asset Management LLC Increases Position in Green Brick Partners, Inc. $GRBK

Rafferty Asset Management LLC boosted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 87.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,027 shares of the financial services provider’s stock after purchasing an additional 21,430 shares during the period. Rafferty Asset Management LLC owned about 0.11% of Green Brick Partners worth $3,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Osterweis Capital Management Inc. purchased a new position in shares of Green Brick Partners during the 2nd quarter valued at approximately $31,000. Parkside Financial Bank & Trust increased its stake in shares of Green Brick Partners by 1,228.6% in the third quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock worth $34,000 after buying an additional 430 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Green Brick Partners by 40.9% in the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 172 shares in the last quarter. Federated Hermes Inc. boosted its stake in Green Brick Partners by 195.5% during the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 391 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Green Brick Partners during the 2nd quarter valued at $53,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

GRBK stock opened at $71.75 on Wednesday. The stock’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $69.27. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $80.97. The firm has a market cap of $3.10 billion, a P/E ratio of 9.32 and a beta of 1.99. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.11. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.31 earnings per share. As a group, equities research analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on shares of Green Brick Partners in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.00.

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.