The Manufacturers Life Insurance Company Buys Shares of 348,037 Green Brick Partners, Inc. $GRBK

The Manufacturers Life Insurance Company purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, Holdings Channel reports. The firm purchased 348,037 shares of the financial services provider’s stock, valued at approximately $27,857,000.

A number of other institutional investors also recently made changes to their positions in GRBK. Allworth Financial LP acquired a new position in shares of Green Brick Partners in the second quarter worth $27,000. Fiduciary Financial Advisors acquired a new stake in shares of Green Brick Partners during the second quarter valued at $31,000. Osterweis Capital Management Inc. purchased a new stake in Green Brick Partners during the 2nd quarter worth about $31,000. Clearstead Advisors LLC increased 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 in the last quarter. Finally, Parkside Financial Bank & Trust increased its position 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 purchasing an additional 354 shares in the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Green Brick Partners Stock Down 1.4%

GRBK stock opened at $72.77 on Friday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 9.45 and a beta of 1.79. 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 one year low of $60.44 and a one year high of $83.18. The company has a 50 day moving average price of $73.45 and a two-hundred day moving average price of $70.53.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 firm posted $1.85 earnings per share. Green Brick Partners’s revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.