Stonehage Fleming Financial Services Holdings Ltd Takes $3.15 Million Position in Green Brick Partners, Inc. $GRBK

Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, Holdings Channel.com reports. The firm bought 39,376 shares of the financial services provider’s stock, valued at approximately $3,152,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $251,000. Punch & Associates Investment Management Inc. bought a new position in shares of Green Brick Partners during the second quarter worth $30,446,000. Bank of America Corp DE purchased a new position in Green Brick Partners during the second quarter valued at $12,923,000. Odyssean LLC increased its holdings in Green Brick Partners by 93.2% in the 2nd quarter. Odyssean LLC now owns 41,180 shares of the financial services provider’s stock valued at $3,296,000 after acquiring an additional 19,869 shares during the last quarter. Finally, Jupiter Topco LLC bought a new stake in Green Brick Partners in the 2nd quarter valued at $1,123,000. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Down 1.4%

Shares of GRBK opened at $72.77 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 9.45 and a beta of 1.79. Green Brick Partners, Inc. has a 1 year low of $60.44 and a 1 year high of $83.18. The business’s 50 day simple moving average is $73.45 and its 200-day simple moving average is $70.53.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share 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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Green Brick Partners 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.