Green Brick Partners, Inc. $GRBK Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 20.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,761 shares of the financial services provider’s stock after selling 28,282 shares during the period. Edgestream Partners L.P.’s holdings in Green Brick Partners were worth $6,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in Green Brick Partners during the first quarter valued at about $870,000. Dimensional Fund Advisors LP raised its position in Green Brick Partners by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock worth $113,529,000 after acquiring an additional 104,774 shares during the period. Vanguard Group Inc. boosted its stake in Green Brick Partners by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock valued at $137,599,000 after acquiring an additional 22,423 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Green Brick Partners in the fourth quarter valued at about $3,186,000. Finally, Isthmus Partners LLC grew its position in shares of Green Brick Partners by 101.4% during the 1st quarter. Isthmus Partners LLC now owns 53,216 shares of the financial services provider’s stock valued at $3,430,000 after acquiring an additional 26,799 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Price Performance

NASDAQ GRBK opened at $70.33 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.03 billion, a PE ratio of 9.13 and a beta of 1.79. Green Brick Partners, Inc. has a 52 week low of $60.44 and a 52 week high of $83.18. The firm’s 50-day simple moving average is $72.66 and its two-hundred day simple moving average is $70.59.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the prior year, the business earned $1.85 earnings per share. Green Brick Partners’s quarterly revenue was down 10.1% compared to the same quarter last year. Research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners has an average rating of “Hold”.

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.