Hsbc Holdings PLC Takes Position in Green Brick Partners, Inc. $GRBK

Hsbc Holdings PLC purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,700 shares of the financial services provider’s stock, valued at approximately $1,250,000.

A number of other hedge funds also recently modified their holdings of the business. Allworth Financial LP bought a new stake in shares of Green Brick Partners in the second quarter worth $27,000. Fiduciary Financial Advisors bought a new position in Green Brick Partners during the 2nd quarter worth $31,000. Osterweis Capital Management Inc. bought a new position in Green Brick Partners during the 2nd quarter worth $31,000. Clearstead Advisors LLC raised its position in Green Brick Partners by 467.3% during the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 458 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after buying an additional 354 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Ratings Changes

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

Green Brick Partners Trading Down 1.3%

NASDAQ GRBK opened at $72.37 on Tuesday. The business has a 50 day simple moving average of $73.41 and a 200 day simple moving average of $70.49. Green Brick Partners, Inc. has a one year low of $60.44 and a one year high of $83.18. The stock has a market capitalization of $3.11 billion, a P/E ratio of 9.40 and a beta of 1.79. 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 issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the prior year, the company earned $1.85 earnings per share. The business’s quarterly revenue was down 10.1% on a year-over-year basis. Research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

About Green Brick Partners

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.