Cynosure Group LLC Invests $370,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Cynosure Group LLC purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,426 shares of the financial services provider’s stock, valued at approximately $370,000.

A number of other large investors have also recently added to or reduced their stakes in GRBK. Lakewood Asset Management LLC raised its stake in shares of Green Brick Partners by 2.2% in the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 160 shares in the last quarter. Inspire Investing LLC raised its stake in Green Brick Partners by 3.7% during the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock valued at $351,000 after buying an additional 221 shares in the last quarter. GAMMA Investing LLC lifted 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 buying an additional 305 shares during the last quarter. Kendall Capital Management grew its position in shares of Green Brick Partners by 1.8% in the 2nd quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 315 shares in the last quarter. Finally, Security National Bank increased its holdings in shares of Green Brick Partners by 0.5% in the 2nd quarter. Security National Bank now owns 74,016 shares of the financial services provider’s stock valued at $4,237,000 after acquiring an additional 342 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on GRBK. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley boosted their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Trading Down 1.2 %

NASDAQ:GRBK opened at $71.33 on Friday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 9.26 and a beta of 1.83. The business has a 50 day simple moving average of $76.08 and a 200 day simple moving average of $68.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 12-month low of $46.61 and a 12-month high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $539.86 million. During the same period last year, the firm posted $1.56 EPS. The business’s 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 EPS 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.