Green Brick Partners, Inc. (NASDAQ:GRBK) Position Increased by Argent Capital Management LLC

Argent Capital Management LLC lifted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,315 shares of the financial services provider’s stock after buying an additional 6,467 shares during the quarter. Argent Capital Management LLC’s holdings in Green Brick Partners were worth $1,487,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Green Brick Partners by 206.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after purchasing an additional 164,840 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Green Brick Partners by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after buying an additional 118,858 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Green Brick Partners by 114.9% in the third quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after buying an additional 115,318 shares during the period. Marshall Wace LLP grew its holdings in shares of Green Brick Partners by 195.3% during the second quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock valued at $9,580,000 after buying an additional 110,680 shares in the last quarter. Finally, State Street Corp raised its position in Green Brick Partners by 5.8% during the third quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock valued at $145,142,000 after buying an additional 94,834 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

GRBK opened at $59.67 on Thursday. The stock has a fifty day moving average price of $63.98 and a 200 day moving average price of $70.24. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1 year low of $48.38 and a 1 year high of $84.66. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 7.75 and a beta of 1.84.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 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 firm had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. During the same quarter last year, the firm earned $1.56 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Analysts forecast that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.