Ritholtz Wealth Management Sells 361 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Ritholtz Wealth Management decreased its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,684 shares of the financial services provider’s stock after selling 361 shares during the period. Ritholtz Wealth Management’s holdings in Green Brick Partners were worth $2,062,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Green Brick Partners in the 3rd quarter valued at about $2,161,000. Lakewood Asset Management LLC boosted its holdings in Green Brick Partners by 7.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 8,069 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 543 shares during the period. GAMMA Investing LLC boosted its holdings in Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 305 shares during the period. SG Americas Securities LLC bought a new stake in Green Brick Partners in the 3rd quarter valued at about $679,000. Finally, Sanctuary Advisors LLC bought a new stake in Green Brick Partners in the 2nd quarter valued at about $1,414,000. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Price Performance

GRBK stock opened at $79.39 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $84.21. The company has a 50 day simple moving average of $76.53 and a 200 day simple moving average of $64.95. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 12.05 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The firm had revenue of $560.63 million during the quarter, compared to analysts’ expectations of $501.51 million. During the same period in the prior year, the company posted $1.63 EPS. The company’s revenue was up 22.9% on a year-over-year basis. Research analysts anticipate that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GRBK. Wedbush reissued a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley upped their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.