380,387 Shares in Green Brick Partners, Inc. $GRBK Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 380,387 shares of the financial services provider’s stock, valued at approximately $30,446,000. Green Brick Partners accounts for approximately 1.5% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of Green Brick Partners during the second quarter worth about $12,923,000. Odyssean LLC raised its position in Green Brick Partners by 93.2% in the 2nd quarter. Odyssean LLC now owns 41,180 shares of the financial services provider’s stock valued at $3,296,000 after buying an additional 19,869 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Green Brick Partners in the 2nd quarter valued at approximately $1,123,000. Hsbc Holdings PLC bought a new stake in Green Brick Partners in the 2nd quarter valued at approximately $1,250,000. Finally, Legal & General Group Plc bought a new stake in Green Brick Partners in the 2nd quarter valued at approximately $5,454,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Trading Up 0.2%

Shares of NASDAQ:GRBK opened at $73.68 on Thursday. The company’s 50-day moving average price is $73.49 and its two-hundred day moving average price is $70.55. Green Brick Partners, Inc. has a one year low of $60.44 and a one year high of $83.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a market capitalization of $3.17 billion, a PE ratio of 9.57 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, beating 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%.Green Brick Partners’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share. On average, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citizens Jmp reaffirmed a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to 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.