Invst LLC Decreases Stock Holdings in Green Brick Partners, Inc. $GRBK

Invst LLC lowered its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,874 shares of the financial services provider’s stock after selling 3,265 shares during the quarter. Invst LLC’s holdings in Green Brick Partners were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Green Brick Partners by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider’s stock valued at $9,921,000 after acquiring an additional 5,375 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Green Brick Partners during the 1st quarter valued at approximately $371,000. GAMMA Investing LLC grew its stake in shares of Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider’s stock valued at $8,160,000 after acquiring an additional 138,190 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Green Brick Partners by 10.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock valued at $25,581,000 after acquiring an additional 41,083 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Green Brick Partners by 56.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider’s stock valued at $26,471,000 after acquiring an additional 164,273 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insiders Place Their Bets

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total value of $1,031,400.00. Following the completion of the sale, the chief operating officer owned 258,605 shares of the company’s stock, valued at approximately $17,781,679.80. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 29.70% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Green Brick Partners in a research note on Monday, June 30th. They issued a “neutral” rating and a $62.00 price target for the company. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $66.00.

Green Brick Partners Stock Performance

GRBK stock opened at $73.66 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $67.74 and its two-hundred day simple moving average is $62.28. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 9.57 and a beta of 1.89.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the previous year, the business posted $2.32 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current 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.