Sanctuary Advisors LLC Sells 1,041 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Sanctuary Advisors LLC cut its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,396 shares of the financial services provider’s stock after selling 1,041 shares during the period. Sanctuary Advisors LLC’s holdings in Green Brick Partners were worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GRBK. Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners in the third quarter worth about $29,000. Blue Trust Inc. bought a new position in shares of Green Brick Partners in the 2nd quarter valued at approximately $48,000. nVerses Capital LLC raised its stake in shares of Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 305 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new stake in Green Brick Partners during the third quarter worth approximately $209,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Trading Down 6.6 %

Shares of NASDAQ:GRBK opened at $58.64 on Thursday. 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 stock’s 50-day moving average is $72.36 and its 200-day moving average is $70.28. The company has a market cap of $2.61 billion, a P/E ratio of 7.62 and a beta of 1.80. Green Brick Partners, Inc. has a 52-week low of $48.38 and a 52-week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the business earned $1.56 EPS. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities research analysts predict that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.