Janney Montgomery Scott LLC Sells 476 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Janney Montgomery Scott LLC lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,635 shares of the financial services provider’s stock after selling 476 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Green Brick Partners were worth $805,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Lakewood Asset Management LLC raised its holdings in 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 worth $431,000 after acquiring an additional 160 shares during the period. Inspire Investing LLC grew its position 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 during the last quarter. GAMMA Investing LLC grew its position 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 worth $147,000 after purchasing an additional 305 shares during the last quarter. Kendall Capital Management grew its position in 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 purchasing an additional 315 shares during the last quarter. Finally, Security National Bank grew its position in 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 worth $4,237,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wedbush restated a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a research 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 stock a “neutral” rating in a research report on Friday, August 2nd.

Green Brick Partners Price Performance

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

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share 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 business had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same quarter last year, the firm posted $1.56 earnings per share. Green Brick Partners’s revenue was up 25.0% on a year-over-year basis. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

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.