Monarch Partners Asset Management LLC increased its position in Green Brick Partners Inc (NASDAQ:GRBK) by 13.4% in the third quarter, Holdings Channel reports. The firm owned 97,178 shares of the financial services provider’s stock after purchasing an additional 11,520 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Green Brick Partners were worth $1,040,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Green Brick Partners in the second quarter worth about $47,000. Acadian Asset Management LLC acquired a new position in Green Brick Partners in the second quarter worth about $60,000. Stone Ridge Asset Management LLC acquired a new position in Green Brick Partners in the second quarter worth about $83,000. Susquehanna International Group LLP acquired a new position in Green Brick Partners in the second quarter worth about $96,000. Finally, Trexquant Investment LP acquired a new position in Green Brick Partners in the second quarter worth about $112,000. Institutional investors and hedge funds own 82.05% of the company’s stock.
In related news, CAO Summer Loveland sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $10.63, for a total transaction of $56,339.00. Following the sale, the chief accounting officer now owns 5,209 shares of the company’s stock, valued at $55,371.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 52.40% of the stock is owned by insiders.
A number of equities analysts recently commented on the company. TheStreet downgraded Green Brick Partners from a “b-” rating to a “c” rating in a research note on Monday, August 26th. BidaskClub downgraded Green Brick Partners from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BTIG Research upgraded Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.43.
NASDAQ:GRBK traded up $0.43 during mid-day trading on Friday, reaching $10.33. The stock had a trading volume of 215,800 shares, compared to its average volume of 74,158. Green Brick Partners Inc has a 1-year low of $6.65 and a 1-year high of $10.99. The company has a market capitalization of $500.96 million, a price-to-earnings ratio of 7.54 and a beta of 1.28. The stock’s 50 day simple moving average is $10.41 and its two-hundred day simple moving average is $9.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 8.93 and a quick ratio of 0.80.
Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Green Brick Partners had a return on equity of 12.60% and a net margin of 7.66%. The firm had revenue of $209.40 million for the quarter, compared to analysts’ expectations of $174.00 million. Sell-side analysts anticipate that Green Brick Partners Inc will post 1.03 EPS for the current fiscal year.
About Green Brick Partners
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
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