Empowered Funds LLC Makes New $4.07 Million Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Empowered Funds LLC purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the third quarter, HoldingsChannel reports. The institutional investor purchased 48,675 shares of the financial services provider’s stock, valued at approximately $4,065,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Green Brick Partners during the 3rd quarter worth approximately $29,000. Blue Trust Inc. acquired a new position in Green Brick Partners during the second quarter worth $48,000. nVerses Capital LLC grew its position in Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its stake in Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after buying an additional 305 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new stake in Green Brick Partners during the 3rd quarter worth about $209,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Down 0.7 %

Shares of GRBK opened at $69.45 on Monday. The firm has a market cap of $3.09 billion, a P/E ratio of 9.02 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 52 week low of $46.61 and a 52 week high of $84.66. The firm’s 50-day simple moving average is $77.13 and its 200 day simple moving average is $68.25.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results 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 firm 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%. Green Brick Partners’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 company posted $1.56 EPS. On average, analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Analysts Set New Price Targets

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

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.