Twinbeech Capital LP Takes $6.47 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Twinbeech Capital LP bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 114,589 shares of the financial services provider’s stock, valued at approximately $6,473,000. Twinbeech Capital LP owned 0.26% of Green Brick Partners as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GRBK. The Manufacturers Life Insurance Company grew its holdings in Green Brick Partners by 1,342.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider’s stock worth $16,365,000 after acquiring an additional 269,615 shares during the period. Raymond James Financial Inc. acquired a new stake in Green Brick Partners during the fourth quarter worth about $9,488,000. WCM Investment Management LLC acquired a new stake in Green Brick Partners during the fourth quarter worth about $8,053,000. Renaissance Technologies LLC grew its holdings in Green Brick Partners by 118.1% during the fourth quarter. Renaissance Technologies LLC now owns 145,709 shares of the financial services provider’s stock worth $8,231,000 after acquiring an additional 78,900 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in Green Brick Partners by 549.1% during the fourth quarter. Edgestream Partners L.P. now owns 90,218 shares of the financial services provider’s stock worth $5,096,000 after acquiring an additional 76,318 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 1.2%

Green Brick Partners stock opened at $62.28 on Tuesday. The stock has a market capitalization of $2.74 billion, a PE ratio of 8.09 and a beta of 1.94. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The business has a 50 day simple moving average of $58.20 and a 200-day simple moving average of $61.01. 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 quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the previous year, the firm earned $1.82 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reissued a “neutral” rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

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.