3,330 Shares in Green Brick Partners, Inc. (NASDAQ:GRBK) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,330 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other hedge funds have also modified their holdings of the stock. Hollencrest Capital Management acquired a new stake in Green Brick Partners in the 3rd quarter valued at $29,000. Blue Trust Inc. bought a new stake in shares of Green Brick Partners in the 2nd quarter worth about $48,000. nVerses Capital LLC increased its position in shares of 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 purchasing an additional 2,000 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 valued at $147,000 after purchasing an additional 305 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Green Brick Partners in the third quarter valued at about $209,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Trading Down 0.7 %

Shares of NASDAQ GRBK opened at $69.45 on Friday. Green Brick Partners, Inc. has a 1-year low of $46.61 and a 1-year high of $84.66. The company has a market cap of $3.09 billion, a PE ratio of 9.02 and a beta of 1.83. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $77.13 and a two-hundred day moving average of $68.16.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The company had revenue of $523.70 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. As a group, equities analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GRBK shares. B. Riley raised their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Green Brick Partners 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.