State of Wyoming Reduces Position in Green Brick Partners, Inc. $GRBK

State of Wyoming reduced its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 30.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,425 shares of the financial services provider’s stock after selling 8,460 shares during the period. State of Wyoming’s holdings in Green Brick Partners were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GRBK. Louisiana State Employees Retirement System acquired a new position in shares of Green Brick Partners during the 1st quarter worth about $870,000. JPMorgan Chase & Co. raised its position in shares of Green Brick Partners by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider’s stock worth $17,157,000 after acquiring an additional 34,433 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Green Brick Partners by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock worth $137,599,000 after acquiring an additional 22,423 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Green Brick Partners during the fourth quarter worth approximately $3,186,000. Finally, Kennedy Capital Management LLC lifted its stake in Green Brick Partners by 19.9% during the fourth quarter. Kennedy Capital Management LLC now owns 248,037 shares of the financial services provider’s stock worth $15,542,000 after purchasing an additional 41,206 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Stock Up 1.2%

Green Brick Partners stock opened at $71.37 on Thursday. Green Brick Partners, Inc. has a fifty-two week low of $60.44 and a fifty-two week high of $83.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The company has a market capitalization of $3.08 billion, a P/E ratio of 9.27 and a beta of 1.79. The stock has a 50-day simple moving average of $71.74 and a 200-day simple moving average of $70.33.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. Equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners 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.