Green Brick Partners, Inc. $GRBK Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 87.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,027 shares of the financial services provider’s stock after purchasing an additional 21,430 shares during the quarter. Rafferty Asset Management LLC’s holdings in Green Brick Partners were worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Ranger Investment Management L.P. boosted its position in Green Brick Partners by 101.0% during the 3rd quarter. Ranger Investment Management L.P. now owns 117,030 shares of the financial services provider’s stock valued at $8,644,000 after purchasing an additional 58,815 shares during the period. HighTower Advisors LLC bought a new stake in Green Brick Partners in the third quarter valued at $2,975,000. JPMorgan Chase & Co. boosted its holdings in shares of Green Brick Partners by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 232,290 shares of the financial services provider’s stock valued at $17,157,000 after acquiring an additional 34,433 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of Green Brick Partners by 6.3% during the third quarter. Annex Advisory Services LLC now owns 580,724 shares of the financial services provider’s stock valued at $42,892,000 after acquiring an additional 34,297 shares during the period. Finally, Brandywine Global Investment Management LLC grew its position in shares of Green Brick Partners by 19.8% during the second quarter. Brandywine Global Investment Management LLC now owns 194,397 shares of the financial services provider’s stock worth $12,224,000 after acquiring an additional 32,190 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BTIG Research initiated coverage on shares of Green Brick Partners in a research report on Monday, December 1st. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.00.

Green Brick Partners Stock Down 0.9%

Shares of Green Brick Partners stock opened at $71.75 on Wednesday. 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, Inc. has a 1-year low of $50.57 and a 1-year high of $80.97. The business’s fifty day moving average price is $71.77 and its two-hundred day moving average price is $69.27. The company has a market capitalization of $3.10 billion, a P/E ratio of 9.32 and a beta of 1.99.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter last year, the business earned $2.31 EPS. Green Brick Partners’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, research analysts forecast 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.