Harbor Capital Advisors Inc. Purchases 4,811 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Harbor Capital Advisors Inc. lifted its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,522 shares of the financial services provider’s stock after buying an additional 4,811 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Green Brick Partners were worth $12,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GRBK. Inspire Investing LLC raised its stake in Green Brick Partners by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 305 shares during the period. Kendall Capital Management grew 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 buying an additional 315 shares in the last quarter. Blue Trust Inc. increased its stake in Green Brick Partners by 43.6% during the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 347 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of Green Brick Partners during the 3rd quarter worth $29,000. Institutional investors own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Green Brick Partners Price Performance

Shares of NASDAQ GRBK traded down $1.07 during midday trading on Friday, reaching $54.40. 121,893 shares of the company were exchanged, compared to its average volume of 248,034. The stock’s 50-day moving average price is $65.06 and its 200-day moving average price is $70.15. The stock has a market cap of $2.42 billion, a P/E ratio of 7.06 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a one year low of $48.38 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $539.86 million. During the same period in the previous year, the company earned $1.56 EPS. Green Brick Partners’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

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.