Empowered Funds LLC Buys New Position in Green Brick Partners, Inc. $GRBK

Empowered Funds LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,532 shares of the financial services provider’s stock, valued at approximately $2,924,000.

Several other hedge funds also recently modified their holdings of GRBK. Royal Bank of Canada lifted its stake in shares of Green Brick Partners by 7.4% during the first quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock valued at $579,000 after buying an additional 683 shares during the period. AQR Capital Management LLC grew its stake in Green Brick Partners by 91.5% in the 1st quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 9,597 shares during the period. Goldman Sachs Group Inc. raised its holdings in Green Brick Partners by 13.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $15,757,000 after acquiring an additional 31,547 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Green Brick Partners by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock valued at $3,825,000 after acquiring an additional 4,763 shares during the last quarter. Finally, CW Advisors LLC purchased a new position in shares of Green Brick Partners during the 2nd quarter worth $223,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Green Brick Partners Stock Up 0.2%

Shares of GRBK opened at $71.07 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’s fifty day moving average is $73.16 and its two-hundred day moving average is $70.40. The firm has a market cap of $3.06 billion, a PE ratio of 9.23 and a beta of 1.79. 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 (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 EPS 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%.The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 earnings per share. Analysts forecast 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.