New Age Alpha Advisors LLC Invests $1.49 Million in Green Brick Partners, Inc. $GRBK

New Age Alpha Advisors LLC acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 23,731 shares of the financial services provider’s stock, valued at approximately $1,487,000.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC increased its holdings in Green Brick Partners by 1.0% in the third quarter. MTM Investment Management LLC now owns 16,603 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 164 shares in the last quarter. GAMMA Investing LLC increased its holdings in Green Brick Partners by 5.6% in the fourth quarter. GAMMA Investing LLC now owns 3,281 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 174 shares in the last quarter. ProShare Advisors LLC increased its holdings in Green Brick Partners by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 6,070 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 193 shares in the last quarter. Lido Advisors LLC increased its holdings in Green Brick Partners by 3.1% in the third quarter. Lido Advisors LLC now owns 6,863 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 206 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Green Brick Partners by 45.5% in the third quarter. SBI Securities Co. Ltd. now owns 863 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 270 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.00.

Green Brick Partners Trading Up 1.4%

NASDAQ GRBK opened at $68.07 on Thursday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 8.84 and a beta of 1.85. Green Brick Partners, Inc. has a 52 week low of $56.85 and a 52 week high of $80.97. The business has a 50 day moving average price of $66.10 and a 200-day moving average price of $67.92. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

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