14,040 Shares in Green Brick Partners, Inc. $GRBK Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 14,040 shares of the financial services provider’s stock, valued at approximately $1,123,000.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of Green Brick Partners during the second quarter valued at about $1,250,000. Legal & General Group Plc purchased a new stake in shares of Green Brick Partners in the second quarter worth about $5,454,000. The Manufacturers Life Insurance Company bought a new position in shares of Green Brick Partners in the second quarter valued at approximately $27,857,000. Fiduciary Financial Advisors purchased a new position in Green Brick Partners during the second quarter valued at approximately $31,000. Finally, Ranger Investment Management L.P. purchased a new position in Green Brick Partners during the second quarter valued at approximately $7,704,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $71.24 on Friday. Green Brick Partners, Inc. has a 52-week low of $60.44 and a 52-week high of $83.18. The stock has a fifty day moving average of $72.79 and a 200 day moving average of $70.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.25 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results 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 return on equity of 25.35% and a net margin of 17.70%.During the same period last year, the company posted $1.85 EPS. Green Brick Partners’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two equities research 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 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.