Kendall Capital Management Takes Position in Green Brick Partners, Inc. $GRBK

Kendall Capital Management bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,533 shares of the financial services provider’s stock, valued at approximately $2,204,000.

Other large investors also recently modified their holdings of the company. Lido Advisors LLC increased its holdings in Green Brick Partners by 2.1% during the 4th quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 142 shares during the period. ProShare Advisors LLC lifted its holdings in Green Brick Partners by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock worth $380,000 after buying an additional 193 shares during the period. Allworth Financial LP bought a new stake in shares of Green Brick Partners in the 2nd quarter worth approximately $27,000. Parkside Financial Bank & Trust grew its position in shares of Green Brick Partners by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after buying an additional 354 shares during the last quarter. Finally, Byrne Asset Management LLC increased its stake in shares of Green Brick Partners by 10.5% during the second quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider’s stock valued at $337,000 after buying an additional 400 shares during the period. 78.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Green Brick Partners Trading Up 1.4%

Shares of GRBK opened at $71.89 on Friday. Green Brick Partners, Inc. has a 1-year low of $60.44 and a 1-year high of $83.18. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $73.42 and its 200-day moving average price is $70.56. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.34 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s revenue was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate 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.