Granahan Investment Management LLC Sells 42,425 Shares of Green Brick Partners, Inc. $GRBK

Granahan Investment Management LLC reduced its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 40.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,870 shares of the financial services provider’s stock after selling 42,425 shares during the period. Granahan Investment Management LLC’s holdings in Green Brick Partners were worth $4,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in shares of Green Brick Partners by 1,228.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 430 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Green Brick Partners in the 2nd quarter valued at approximately $31,000. Federated Hermes Inc. raised its stake in shares of Green Brick Partners by 195.5% in the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 391 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Green Brick Partners by 40.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 172 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Green Brick Partners during the second quarter worth approximately $53,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analysts Set New Price Targets

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

Green Brick Partners Stock Up 1.5%

Shares of GRBK opened at $64.99 on Monday. 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 company has a 50-day simple moving average of $72.40 and a 200-day simple moving average of $69.17. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $80.97. The firm has a market capitalization of $2.80 billion, a P/E ratio of 8.44 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $2.31 EPS. On average, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners 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.