Dakota Wealth Management Sells 171 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Dakota Wealth Management cut its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,420 shares of the financial services provider’s stock after selling 171 shares during the period. Dakota Wealth Management’s holdings in Green Brick Partners were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lakewood Asset Management LLC lifted its stake in shares of Green Brick Partners by 2.2% during the 2nd quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider’s stock valued at $431,000 after buying an additional 160 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Green Brick Partners by 3.7% in the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 221 shares during the period. TBH Global Asset Management LLC grew its position in shares of Green Brick Partners by 3.2% during the first quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 279 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Green Brick Partners by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 288 shares during the period. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $76.62 on Tuesday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 11.63 and a beta of 1.80. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $84.66. The stock’s 50 day simple moving average is $78.65 and its two-hundred day simple moving average is $66.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company had revenue of $560.63 million for the quarter, compared to the consensus estimate of $501.51 million. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Green Brick Partners’s revenue was up 22.9% on a year-over-year basis. As a group, equities analysts anticipate that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley lifted 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.

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.