Aigen Investment Management LP Invests $271,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

Aigen Investment Management LP bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the 3rd quarter, Holdings Channel.com reports. The fund bought 3,239 shares of the financial services provider’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp raised its stake in shares of Green Brick Partners by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 288 shares in the last quarter. ProShare Advisors LLC boosted its stake in Green Brick Partners by 7.4% in the first quarter. ProShare Advisors LLC now owns 5,245 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 363 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Green Brick Partners during the first quarter worth about $242,000. Vanguard Group Inc. increased its position in shares of Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Green Brick Partners in the 1st quarter valued at about $406,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GRBK. Wedbush reiterated a “neutral” rating and issued a $60.00 price target (up previously from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley increased their target price on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $69.41 on Friday. Green Brick Partners, Inc. has a 12 month low of $46.61 and a 12 month high of $84.66. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.01 and a beta of 1.83. The business’s 50 day simple moving average is $77.13 and its 200-day simple moving average is $68.06. 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 (NASDAQ:GRBK) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. During the same quarter last year, the business posted $1.56 earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

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.