Crown Advisors Management Inc. Buys New Position in Green Brick Partners, Inc. $GRBK

Crown Advisors Management Inc. purchased a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the financial services provider’s stock, valued at approximately $1,601,000.

Other large investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Green Brick Partners during the 2nd quarter valued at $1,487,000. Bank of New York Mellon Corp purchased a new stake in shares of Green Brick Partners in the 2nd quarter worth about $16,702,000. State of Wyoming purchased a new stake in shares of Green Brick Partners in the 2nd quarter worth about $168,000. Chemistry Wealth Management LLC boosted its stake in shares of Green Brick Partners by 47.6% during the 2nd quarter. Chemistry Wealth Management LLC now owns 6,009 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Byrne Asset Management LLC boosted its stake in shares of Green Brick Partners by 10.5% during the 2nd quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

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

Green Brick Partners Trading Down 0.0%

GRBK opened at $70.44 on Monday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52 week low of $60.44 and a 52 week high of $83.18. The stock has a market cap of $3.03 billion, a PE ratio of 9.15 and a beta of 1.79. The business has a 50 day moving average of $73.44 and a 200-day moving average of $70.52.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly 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 return on equity of 25.35% and a net margin of 17.70%.The business’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 EPS. Equities research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

About Green Brick Partners

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.