Invst LLC Buys Shares of 5,817 Green Brick Partners, Inc. (NASDAQ:GRBK)

Invst LLC bought a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the first quarter, HoldingsChannel reports. The fund bought 5,817 shares of the financial services provider’s stock, valued at approximately $351,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings 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 during the last quarter. Russell Investments Group Ltd. boosted its holdings in Green Brick Partners by 99.7% in the fourth quarter. Russell Investments Group Ltd. now owns 120,094 shares of the financial services provider’s stock valued at $6,238,000 after acquiring an additional 59,971 shares during the last quarter. Security National Bank boosted its holdings in Green Brick Partners by 258.3% in the first quarter. Security National Bank now owns 73,674 shares of the financial services provider’s stock valued at $4,437,000 after acquiring an additional 53,114 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in Green Brick Partners by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 138,700 shares of the financial services provider’s stock valued at $8,354,000 after acquiring an additional 42,400 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Green Brick Partners by 83.0% in the first quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock valued at $5,258,000 after acquiring an additional 39,601 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Insider Buying and Selling at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press bought 1,474 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $57,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Green Brick Partners news, Director Richard S. Press bought 1,474 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $57,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Arthur Costello sold 40,000 shares of Green Brick Partners stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chief financial officer now directly owns 52,116 shares in the company, valued at $2,958,625.32. The disclosure for this sale can be found here. 44.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GRBK has been the topic of a number of research analyst reports. B. Riley lifted their target price on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday. Wedbush reiterated a “neutral” rating and issued a $49.00 target price on shares of Green Brick Partners in a report on Thursday, May 2nd.

Green Brick Partners Stock Down 1.5 %

NASDAQ:GRBK traded down $1.09 during mid-day trading on Friday, hitting $71.79. The company had a trading volume of 640,100 shares, compared to its average volume of 493,755. The business has a fifty day simple moving average of $60.83 and a 200-day simple moving average of $56.98. The company has a current ratio of 8.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $78.39. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.89 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $1.77 by $0.55. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The company had revenue of $560.63 million for the quarter, compared to analyst estimates of $501.51 million. During the same period last year, the company posted $1.63 earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. Equities analysts forecast that Green Brick Partners, Inc. will post 7.46 earnings per share for the current fiscal year.

Green Brick Partners Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.