Algert Global LLC Buys 20,599 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Algert Global LLC boosted its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 44.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,054 shares of the financial services provider’s stock after purchasing an additional 20,599 shares during the period. Algert Global LLC owned approximately 0.15% of Green Brick Partners worth $5,600,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in Green Brick Partners in the 3rd quarter worth approximately $29,000. Blue Trust Inc. purchased a new position in shares of Green Brick Partners during the 2nd quarter worth $48,000. nVerses Capital LLC boosted its stake in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 305 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Green Brick Partners during the 3rd quarter worth $209,000. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Up 2.9 %

GRBK opened at $70.67 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $84.66. The firm’s fifty day moving average is $76.54 and its 200 day moving average is $68.53. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 9.18 and a beta of 1.83.

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

Analyst Ratings Changes

GRBK has been the topic of several analyst reports. B. Riley lifted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note 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 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.