Burney Co. Takes Position in Green Brick Partners, Inc. $GRBK

Burney Co. bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the second quarter, HoldingsChannel.com reports. The firm bought 3,472 shares of the financial services provider’s stock, valued at approximately $218,000.

Several other large investors also recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Green Brick Partners in the 1st quarter valued at about $46,000. Covestor Ltd raised its holdings in Green Brick Partners by 55.1% in the first quarter. Covestor Ltd now owns 2,457 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 873 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Green Brick Partners in the second quarter worth approximately $151,000. CWM LLC lifted its stake in Green Brick Partners by 13.5% in the first quarter. CWM LLC now owns 2,958 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Green Brick Partners by 14.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,740 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jed Dolson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the completion of the sale, the chief operating officer owned 258,605 shares in the company, valued at approximately $17,781,679.80. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 29.70% of the company’s stock.

Green Brick Partners Price Performance

Shares of GRBK opened at $62.25 on Friday. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $77.93. The firm’s fifty day simple moving average is $69.55 and its 200-day simple moving average is $65.23. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.08 and a beta of 2.00. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

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%.The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.98 EPS. Equities analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

About Green Brick Partners

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.