The Manufacturers Life Insurance Company Decreases Holdings in Green Brick Partners, Inc. $GRBK

The Manufacturers Life Insurance Company trimmed its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 28.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 344,651 shares of the financial services provider’s stock after selling 137,289 shares during the period. The Manufacturers Life Insurance Company’s holdings in Green Brick Partners were worth $22,213,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GRBK. Louisiana State Employees Retirement System bought a new stake in Green Brick Partners in the first quarter worth about $870,000. Dimensional Fund Advisors LP lifted its holdings in shares of Green Brick Partners by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock worth $113,529,000 after buying an additional 104,774 shares during the period. Vanguard Group Inc. lifted its stake in Green Brick Partners by 1.0% in the fourth 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 during the period. WINTON GROUP Ltd purchased a new stake in shares of Green Brick Partners in the 4th quarter worth approximately $3,186,000. Finally, Isthmus Partners LLC lifted its holdings in Green Brick Partners by 101.4% during the first quarter. Isthmus Partners LLC now owns 53,216 shares of the financial services provider’s stock worth $3,430,000 after buying an additional 26,799 shares during the period. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Up 0.8%

Green Brick Partners stock opened at $70.67 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52 week low of $60.44 and a 52 week high of $83.18. The stock has a 50-day moving average price of $72.75 and a 200 day moving average price of $70.59. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.18 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data 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 net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the company earned $1.85 EPS. Green Brick Partners’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

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

Green Brick Partners Company 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.