Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,954 shares of the financial services provider’s stock after selling 3,139 shares during the period. Victory Capital Management Inc.’s holdings in Green Brick Partners were worth $4,757,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners in the 3rd quarter worth about $29,000. Blue Trust Inc. acquired a new stake in shares of Green Brick Partners in the 2nd quarter worth about $48,000. nVerses Capital LLC increased its holdings in shares of Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 305 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Green Brick Partners in the 3rd quarter worth about $209,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GRBK shares. B. Riley increased their target price on shares of 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 restated a “neutral” rating and set a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $70.67 on Friday. Green Brick Partners, Inc. has a twelve month low of $46.61 and a twelve month high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $76.70 and a 200-day moving average of $68.43. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 9.19 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK) last announced 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). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. During the same quarter in the previous year, the business earned $1.56 earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share 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.