Aigen Investment Management LP Invests $271,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Aigen Investment Management LP purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,239 shares of the financial services provider’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in Green Brick Partners during the 3rd quarter worth $29,000. Blue Trust Inc. purchased a new stake in shares of Green Brick Partners during the second quarter worth about $48,000. GAMMA Investing LLC increased its holdings 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 in the last quarter. nVerses Capital LLC raised its position in shares of Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Green Brick Partners in the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. B. Riley raised their price target 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 set a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

Green Brick Partners Trading Down 0.8 %

Shares of NASDAQ:GRBK opened at $69.41 on Friday. The business’s 50 day moving average price is $77.13 and its 200-day moving average price is $68.06. 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 9.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. 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 up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 earnings per share. On average, equities research analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share 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.