Victory Capital Management Inc. Reduces Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Victory Capital Management Inc. cut its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,954 shares of the financial services provider’s stock after selling 3,139 shares during the quarter. Victory Capital Management Inc. owned 0.13% of Green Brick Partners worth $4,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management purchased a new position in shares of Green Brick Partners in the third quarter valued at $29,000. Blue Trust Inc. purchased a new position in shares of Green Brick Partners in the second quarter valued at $48,000. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 20.9% in the third 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 period. nVerses Capital LLC boosted its stake in shares of 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 during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Green Brick Partners in the third quarter valued at $209,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GRBK shares. B. Riley upped their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and issued 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 Trading Up 2.9 %

GRBK opened at $70.67 on Friday. The stock has a market capitalization of $3.14 billion, a PE ratio of 9.19 and a beta of 1.83. Green Brick Partners, Inc. has a 12-month low of $46.61 and a 12-month high of $84.66. The firm’s fifty day moving average price is $76.70 and its 200 day moving average price is $68.43. 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 (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 analysts’ consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the company posted $1.56 earnings per share. As a group, research analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal 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.