Green Brick Partners, Inc. $GRBK Holdings Raised by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,884 shares of the financial services provider’s stock after buying an additional 658 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Green Brick Partners were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Green Brick Partners in the 1st quarter valued at $46,000. Byrne Asset Management LLC grew its stake in Green Brick Partners by 50.7% in the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider’s stock valued at $127,000 after buying an additional 730 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Green Brick Partners in the 2nd quarter valued at $151,000. GAMMA Investing LLC grew its stake in Green Brick Partners by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider’s stock valued at $140,000 after buying an additional 646 shares during the last quarter. Finally, Covestor Ltd grew its stake in Green Brick Partners by 55.1% in the 1st quarter. Covestor Ltd now owns 2,457 shares of the financial services provider’s stock valued at $143,000 after buying an additional 873 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Green Brick Partners

In related news, COO Jed Dolson sold 20,000 shares of Green Brick Partners stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the completion of the transaction, the chief operating officer directly owned 273,605 shares of the company’s stock, valued at $18,265,869.80. This trade represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Green Brick Partners Trading Up 1.4%

Shares of GRBK stock opened at $77.37 on Monday. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The company has a market capitalization of $3.37 billion, a P/E ratio of 10.05 and a beta of 1.96. The firm has a 50-day moving average price of $69.95 and a 200 day moving average price of $63.70. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (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 quarter in the prior year, the company earned $2.32 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Company 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.