Stifel Financial Corp Has $1.12 Million Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Stifel Financial Corp lowered its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,420 shares of the financial services provider’s stock after selling 1,156 shares during the period. Stifel Financial Corp’s holdings in Green Brick Partners were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC increased its position in Green Brick Partners by 3.7% during the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after buying an additional 221 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 305 shares in the last quarter. Kendall Capital Management increased its position in Green Brick Partners by 1.8% during the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock worth $1,024,000 after acquiring an additional 315 shares during the period. Blue Trust Inc. raised its stake in Green Brick Partners by 43.6% in the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 347 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in Green Brick Partners in the 3rd quarter valued at about $29,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Up 1.7 %

Shares of NASDAQ GRBK opened at $57.63 on Monday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 7.48 and a beta of 1.80. The stock’s fifty day moving average is $71.13 and its 200 day moving average is $70.34. Green Brick Partners, Inc. has a 52 week low of $48.38 and a 52 week high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK) last released 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). The firm had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 earnings per share. Sell-side analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

About Green Brick Partners

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.