AlphaQuest LLC Purchases 9,119 Shares of Green Brick Partners, Inc. $GRBK

AlphaQuest LLC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 280.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,368 shares of the financial services provider’s stock after purchasing an additional 9,119 shares during the quarter. AlphaQuest LLC’s holdings in Green Brick Partners were worth $914,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Separately, BTIG Research started coverage on Green Brick Partners in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.00.

Green Brick Partners Trading Up 0.4%

Green Brick Partners stock opened at $69.65 on Tuesday. The stock has a market cap of $3.03 billion, a P/E ratio of 9.05 and a beta of 2.01. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $77.93. The firm’s fifty day moving average price is $67.38 and its 200-day moving average price is $67.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

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.