Lakewood Asset Management LLC Increases Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Lakewood Asset Management LLC increased its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,262 shares of the financial services provider’s stock after buying an additional 193 shares during the period. Lakewood Asset Management LLC’s holdings in Green Brick Partners were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hollencrest Capital Management purchased a new stake in Green Brick Partners during the third quarter worth about $29,000. Blue Trust Inc. increased its stake in shares of Green Brick Partners by 43.6% during the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 347 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 period. Grey Fox Wealth Advisors LLC purchased a new position in Green Brick Partners in the third quarter valued at approximately $209,000. Finally, nVerses Capital LLC grew its holdings in Green Brick Partners by 31.8% during the third quarter. nVerses Capital LLC now owns 2,900 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 700 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $59.67 on Thursday. The firm has a market cap of $2.66 billion, a P/E ratio of 7.75 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $63.98 and its 200-day moving average is $70.24. Green Brick Partners, Inc. has a 12-month low of $48.38 and a 12-month high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last issued 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 for the quarter, compared to the consensus estimate of $539.86 million. During the same period in the previous year, the firm earned $1.56 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Sell-side analysts predict that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a research note 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.