Rice Hall James & Associates LLC Has $5.26 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Rice Hall James & Associates LLC lessened its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,942 shares of the financial services provider’s stock after selling 336 shares during the period. Rice Hall James & Associates LLC owned 0.14% of Green Brick Partners worth $5,257,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GRBK. Blue Trust Inc. acquired a new position in Green Brick Partners during the second quarter worth $48,000. nVerses Capital LLC raised its holdings in Green Brick Partners by 1,000.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in Green Brick Partners by 20.9% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after buying an additional 305 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Green Brick Partners during the third quarter worth $209,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Green Brick Partners during the first quarter worth $233,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. B. Riley upped their price objective 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. Wedbush reiterated a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $69.09 on Friday. The company has a market cap of $3.07 billion, a P/E ratio of 8.97 and a beta of 1.80. The firm has a 50-day moving average of $78.73 and a 200-day moving average of $66.76. 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 one year low of $37.31 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.10). The company had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. Green Brick Partners’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. Equities research analysts forecast that Green Brick Partners, Inc. will post 8.35 EPS 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.