Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello Sells 40,000 Shares of Stock

Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, the chief financial officer now directly owns 52,116 shares in the company, valued at approximately $2,958,625.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Green Brick Partners Trading Down 0.4 %

Shares of Green Brick Partners stock opened at $56.18 on Wednesday. Green Brick Partners, Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $61.62. The business’s fifty day moving average is $55.80 and its two-hundred day moving average is $51.78. The company has a quick ratio of 1.16, a current ratio of 8.70 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.52 billion, a PE ratio of 8.53 and a beta of 1.73.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.51 by $0.31. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The firm had revenue of $447.34 million during the quarter, compared to analyst estimates of $440.44 million. During the same period in the prior year, the firm posted $1.37 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Green Brick Partners by 5,000.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,000 shares during the period. GAMMA Investing LLC purchased a new stake in Green Brick Partners during the fourth quarter valued at about $60,000. Byrne Asset Management LLC increased its stake in Green Brick Partners by 40.4% during the first quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 460 shares during the last quarter. Rocky Mountain Advisers LLC raised its holdings in shares of Green Brick Partners by 377.5% in the 1st quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,510 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Green Brick Partners in the 4th quarter valued at about $123,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research report on Thursday, May 2nd. B. Riley upped their target price on shares of Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, StockNews.com cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th.

Green Brick Partners Company 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.