LMG Wealth Partners LLC Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

LMG Wealth Partners LLC raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,790 shares of the financial services provider’s stock after purchasing an additional 2,239 shares during the period. LMG Wealth Partners LLC’s holdings in Green Brick Partners were worth $1,174,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Hollencrest Capital Management purchased a new stake in Green Brick Partners in the 3rd quarter valued at approximately $29,000. Nisa Investment Advisors LLC lifted its position in shares of Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 289 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Green Brick Partners by 43.6% during 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. KBC Group NV increased its position in Green Brick Partners by 93.9% during the 4th quarter. KBC Group NV now owns 1,803 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 873 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Green Brick Partners in the 3rd quarter valued at about $209,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Price Performance

GRBK stock opened at $59.18 on Thursday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.69 and a beta of 1.84. The stock’s fifty day simple moving average is $59.03 and its 200-day simple moving average is $69.27. Green Brick Partners, Inc. has a 52-week low of $50.67 and a 52-week high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

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

Green Brick Partners 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.