JPMorgan Chase & Co. Purchases 118,858 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

JPMorgan Chase & Co. boosted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 68.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 292,590 shares of the financial services provider’s stock after purchasing an additional 118,858 shares during the quarter. JPMorgan Chase & Co.’s holdings in Green Brick Partners were worth $24,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GRBK. Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners during the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in Green Brick Partners by 43.6% in the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 347 shares during the last quarter. GAMMA Investing LLC grew its holdings in Green Brick Partners by 20.9% during 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. Grey Fox Wealth Advisors LLC bought a new stake in shares of Green Brick Partners during the 3rd quarter valued at $209,000. Finally, nVerses Capital LLC lifted its stake in shares of Green Brick Partners by 31.8% in the 3rd quarter. nVerses Capital LLC now owns 2,900 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 700 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Stock Up 1.7 %

Green Brick Partners stock opened at $55.47 on Thursday. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 7.20 and a beta of 1.84. The company’s 50 day simple moving average is $65.75 and its 200 day simple moving average is $70.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $539.86 million. During the same period in the prior year, the business earned $1.56 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.