Empowered Funds LLC Acquires Shares of 48,675 Green Brick Partners, Inc. (NASDAQ:GRBK)

Empowered Funds LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,675 shares of the financial services provider’s stock, valued at approximately $4,065,000. Empowered Funds LLC owned approximately 0.11% of Green Brick Partners at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Lakewood Asset Management LLC raised its position in Green Brick Partners by 2.2% in the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 160 shares during the last quarter. Inspire Investing LLC raised its position in shares of Green Brick Partners by 3.7% during the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 221 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 valued at $147,000 after acquiring an additional 305 shares during the period. Kendall Capital Management boosted its holdings in Green Brick Partners by 1.8% in the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock valued at $1,024,000 after acquiring an additional 315 shares during the last quarter. Finally, Security National Bank increased its position in Green Brick Partners by 0.5% in the second quarter. Security National Bank now owns 74,016 shares of the financial services provider’s stock worth $4,237,000 after purchasing an additional 342 shares during the period. 78.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GRBK has been the topic of several recent research reports. Wedbush reaffirmed a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley lifted their target price 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.

Green Brick Partners Trading Down 0.7 %

NASDAQ:GRBK opened at $69.45 on Monday. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1-year low of $46.61 and a 1-year high of $84.66. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.02 and a beta of 1.83. The business’s 50-day moving average price is $77.13 and its two-hundred day moving average price is $68.25.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, equities analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Green Brick Partners Company 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.