Union Square Park Capital Management LLC Purchases New Shares in Green Brick Partners, Inc. $GRBK

Union Square Park Capital Management LLC purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the first quarter, HoldingsChannel.com reports. The firm purchased 10,000 shares of the financial services provider’s stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Green Brick Partners by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,195,965 shares of the financial services provider’s stock valued at $137,599,000 after purchasing an additional 22,423 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Green Brick Partners by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,580 shares of the financial services provider’s stock worth $113,529,000 after buying an additional 104,774 shares during the period. State Street Corp grew its holdings in shares of Green Brick Partners by 3.0% during the fourth quarter. State Street Corp now owns 1,509,235 shares of the financial services provider’s stock worth $94,569,000 after buying an additional 43,954 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Green Brick Partners by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 580,108 shares of the financial services provider’s stock worth $36,351,000 after buying an additional 2,390 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Green Brick Partners by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 484,221 shares of the financial services provider’s stock valued at $30,448,000 after acquiring an additional 30,244 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citizens Jmp reaffirmed a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $72.52 on Friday. The firm’s fifty day moving average price is $72.09 and its 200 day moving average price is $70.40. Green Brick Partners, Inc. has a 1-year low of $60.44 and a 1-year high of $83.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 9.42 and a beta of 1.79.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.20. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single?family detached homes, townhomes and multi?family rental communities. Green Brick Partners also offers master?planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.