Diamond Hill Capital Management Inc. Sells 1,154 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Diamond Hill Capital Management Inc. lessened its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 7.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,191 shares of the financial services provider’s stock after selling 1,154 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Green Brick Partners were worth $1,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GRBK. Vanguard Group Inc. increased its stake in Green Brick Partners by 12.8% in the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Green Brick Partners by 83.0% in the first quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock valued at $5,258,000 after purchasing an additional 39,601 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Green Brick Partners by 22.0% in the second quarter. Assenagon Asset Management S.A. now owns 79,697 shares of the financial services provider’s stock valued at $4,562,000 after purchasing an additional 14,376 shares in the last quarter. Caxton Associates LP bought a new stake in Green Brick Partners in the second quarter valued at $858,000. Finally, SG Americas Securities LLC bought a new stake in Green Brick Partners in the third quarter valued at $679,000. Institutional investors own 78.24% of the company’s stock.

Analysts Set New Price Targets

GRBK has been the subject of several recent research reports. B. Riley boosted their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wedbush reissued a “neutral” rating and set a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $72.27 on Tuesday. The company’s fifty day moving average price is $77.58 and its 200-day moving average price is $67.85. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.39 and a beta of 1.83. Green Brick Partners, Inc. has a one year low of $43.72 and a one year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. On average, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

Green Brick Partners Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.