Performance Wealth Partners LLC Takes Position in Green Brick Partners, Inc. $GRBK

Performance Wealth Partners LLC bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, Holdings Channel reports. The firm bought 13,018 shares of the financial services provider’s stock, valued at approximately $1,042,000.

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

Green Brick Partners Stock Up 0.6%

Shares of NASDAQ GRBK opened at $70.91 on Tuesday. Green Brick Partners, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.21 and a beta of 1.79. The stock has a 50 day moving average price of $73.49 and a 200 day moving average price of $70.54. 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 (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, topping 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%.Green Brick Partners’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. Sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.