Performance Wealth Partners LLC Buys New Stake in Green Brick Partners, Inc. $GRBK

Performance Wealth Partners LLC purchased a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,018 shares of the financial services provider’s stock, valued at approximately $1,042,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GRBK. Lido Advisors LLC increased its holdings in shares of Green Brick Partners by 2.1% in the fourth quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 142 shares during the last quarter. ProShare Advisors LLC increased its stake in Green Brick Partners by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 193 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Green Brick Partners by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 17,976 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 289 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 354 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in shares of Green Brick Partners by 0.7% during the 4th quarter. Belpointe Asset Management LLC now owns 48,978 shares of the financial services provider’s stock worth $3,069,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Green Brick Partners Trading Up 0.6%

GRBK opened at $70.91 on Tuesday. The firm has a market cap of $3.05 billion, a P/E ratio of 9.21 and a beta of 1.79. Green Brick Partners, Inc. has a 12 month low of $60.44 and a 12 month high of $83.18. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $73.49 and a 200 day moving average of $70.54.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners Company 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.