Harbour Capital Advisors LLC Purchases New Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Harbour Capital Advisors LLC acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,515 shares of the financial services provider’s stock, valued at approximately $430,000.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. acquired a new position in Green Brick Partners during the 2nd quarter worth $48,000. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 37.4% during the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock worth $95,000 after buying an additional 429 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Green Brick Partners during the 1st quarter worth about $233,000. Finally, SageView Advisory Group LLC acquired a new position in shares of Green Brick Partners during the 1st quarter worth about $242,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Trading Up 1.9 %

NASDAQ:GRBK opened at $83.58 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87. The firm has a 50-day moving average of $77.62 and a 200-day moving average of $65.50. The company has a market cap of $3.76 billion, a PE ratio of 12.68 and a beta of 1.80. Green Brick Partners, Inc. has a one year low of $37.31 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share 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 firm had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. During the same period in the prior year, the firm earned $1.63 EPS. The company’s revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

Analysts Set New Price Targets

GRBK has been the subject of several research reports. Wedbush restated a “neutral” rating and set a $60.00 price objective (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley lifted their price objective on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note 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.