GSA Capital Partners LLP Acquires 15,852 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

GSA Capital Partners LLP raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 368.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,160 shares of the financial services provider’s stock after acquiring an additional 15,852 shares during the period. GSA Capital Partners LLP’s holdings in Green Brick Partners were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in shares of Green Brick Partners by 76.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after purchasing an additional 543,450 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Green Brick Partners by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock worth $124,855,000 after buying an additional 237,463 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Green Brick Partners by 30.7% during the third quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after buying an additional 99,240 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Green Brick Partners by 99.7% in the 4th quarter. Russell Investments Group Ltd. now owns 120,094 shares of the financial services provider’s stock valued at $6,238,000 after acquiring an additional 59,971 shares during the last quarter. Finally, Tudor Investment Corp Et Al lifted its stake in shares of Green Brick Partners by 240.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 80,792 shares of the financial services provider’s stock valued at $3,354,000 after acquiring an additional 57,038 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Trading Up 1.4 %

Shares of GRBK stock traded up $0.79 on Wednesday, hitting $55.86. The company had a trading volume of 49,272 shares, compared to its average volume of 387,393. The firm has a market cap of $2.51 billion, a P/E ratio of 8.36 and a beta of 1.80. The stock’s 50-day moving average is $55.81 and its two-hundred day moving average is $54.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve month high of $61.62.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. The business had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 EPS. On average, equities research analysts anticipate that Green Brick Partners, Inc. will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Richard Arthur Costello sold 40,000 shares of Green Brick Partners stock in a transaction 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 owns 52,116 shares in the company, valued at approximately $2,958,625.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard S. Press bought 1,474 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of $57.44 per share, for a total transaction of $84,666.56. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at $57,440. The disclosure for this purchase can be found here. 44.40% of the stock is owned by insiders.

Green Brick Partners 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.