First Sabrepoint Capital Management LP Lowers Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

First Sabrepoint Capital Management LP reduced its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 66.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 60,000 shares of the financial services provider’s stock after selling 119,000 shares during the period. Green Brick Partners makes up 1.5% of First Sabrepoint Capital Management LP’s investment portfolio, making the stock its 24th biggest position. First Sabrepoint Capital Management LP owned about 0.13% of Green Brick Partners worth $5,011,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Green Brick Partners during the 3rd quarter valued at $29,000. Blue Trust Inc. bought a new stake in shares of Green Brick Partners in the 2nd quarter valued at about $48,000. nVerses Capital LLC grew its position in 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 acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its position 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 last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Green Brick Partners in the 3rd quarter worth approximately $209,000. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Trading Up 1.2 %

NASDAQ GRBK opened at $68.63 on Tuesday. Green Brick Partners, Inc. has a 12 month low of $48.30 and a 12 month high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $74.20 and its 200-day moving average price is $69.83. The stock has a market cap of $3.05 billion, a P/E ratio of 8.91 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data 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). The firm had revenue of $523.70 million for the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 earnings per share. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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