Corton Capital Inc. Buys New Holdings in Green Brick Partners, Inc. $GRBK

Corton Capital Inc. bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,098 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Annex Advisory Services LLC boosted its holdings in Green Brick Partners by 16.3% during the 2nd quarter. Annex Advisory Services LLC now owns 546,427 shares of the financial services provider’s stock valued at $34,359,000 after acquiring an additional 76,472 shares during the period. The Manufacturers Life Insurance Company raised its position in Green Brick Partners by 56.7% in 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 purchasing an additional 164,273 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Green Brick Partners by 10.3% in 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 purchasing an additional 41,083 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in Green Brick Partners by 1.9% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 389,910 shares of the financial services provider’s stock valued at $22,736,000 after purchasing an additional 7,254 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in Green Brick Partners by 2.4% in the 1st quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider’s stock valued at $19,492,000 after purchasing an additional 7,967 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of Green Brick Partners stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the transaction, the chief operating officer owned 273,605 shares of the company’s stock, valued at $18,265,869.80. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 29.70% of the stock is currently owned by company insiders.

Green Brick Partners Price Performance

GRBK stock opened at $64.85 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market capitalization of $2.83 billion, a P/E ratio of 8.42 and a beta of 1.96. The business’s 50-day moving average is $70.11 and its two-hundred day moving average is $65.16. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $77.93.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.29. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter last year, the firm posted $1.98 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts anticipate 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.