Diamond Hill Capital Management Inc. Sells 1,154 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Diamond Hill Capital Management Inc. cut its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 7.1% during the third quarter, HoldingsChannel reports. The firm owned 15,191 shares of the financial services provider’s stock after selling 1,154 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Green Brick Partners were worth $1,269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GRBK. Hollencrest Capital Management bought a new position in Green Brick Partners during the 3rd quarter worth about $29,000. Blue Trust Inc. bought a new position in Green Brick Partners during the 2nd quarter worth about $48,000. GAMMA Investing LLC grew its holdings in Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 305 shares in the last quarter. nVerses Capital LLC grew its holdings in Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in Green Brick Partners during the 3rd quarter worth about $209,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock opened at $72.27 on Tuesday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 9.39 and a beta of 1.83. 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 has a 50 day moving average price of $77.58 and a 200 day moving average price of $67.85. Green Brick Partners, Inc. has a 52 week low of $43.72 and a 52 week high of $84.66.

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

Wall Street Analysts Forecast Growth

GRBK has been the topic of a number of recent analyst reports. Wedbush restated a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley raised their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd.

About Green Brick Partners

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.