The Manufacturers Life Insurance Company Purchases 2,579 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

The Manufacturers Life Insurance Company raised its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,698 shares of the financial services provider’s stock after buying an additional 2,579 shares during the period. The Manufacturers Life Insurance Company’s holdings in Green Brick Partners were worth $1,185,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GRBK. Lakewood Asset Management LLC raised its holdings in shares of Green Brick Partners by 2.2% during the second quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 160 shares in the last quarter. Inspire Investing LLC raised its holdings in Green Brick Partners by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 221 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Green Brick Partners by 3.2% during the 1st quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 279 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Green Brick Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 288 shares in the last quarter. Finally, Kendall Capital Management increased its position in shares of Green Brick Partners by 1.8% during the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 315 shares during the period. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Price Performance

Shares of NASDAQ GRBK opened at $79.39 on Friday. The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve month high of $84.21. The firm has a market cap of $3.57 billion, a P/E ratio of 12.05 and a beta of 1.80. The company has a 50 day moving average of $76.53 and a 200 day moving average of $64.92.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The business had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on GRBK shares. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a research 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 stock a “neutral” rating in a report on Friday, August 2nd.

Green Brick Partners Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.