Ranger Investment Management L.P. Has $8.64 Million Holdings in Green Brick Partners, Inc. $GRBK

Ranger Investment Management L.P. increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 101.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,030 shares of the financial services provider’s stock after purchasing an additional 58,815 shares during the quarter. Ranger Investment Management L.P. owned approximately 0.27% of Green Brick Partners worth $8,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRBK. Geode Capital Management LLC boosted its stake in shares of Green Brick Partners by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 757,077 shares of the financial services provider’s stock worth $47,611,000 after buying an additional 11,040 shares during the last quarter. Annex Advisory Services LLC raised its holdings in Green Brick Partners by 6.3% during the third quarter. Annex Advisory Services LLC now owns 580,724 shares of the financial services provider’s stock worth $42,892,000 after acquiring an additional 34,297 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Green Brick Partners by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock worth $30,448,000 after acquiring an additional 30,244 shares in the last quarter. Invesco Ltd. boosted its position in Green Brick Partners by 3.3% during the second quarter. Invesco Ltd. now owns 271,511 shares of the financial services provider’s stock valued at $17,073,000 after purchasing an additional 8,728 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Green Brick Partners by 13.2% in the first 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 in the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $75.34 on Friday. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $77.93. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.76 and a beta of 1.99. The stock’s 50 day moving average price is $67.74 and its two-hundred day moving average price is $67.86. 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 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.