Invst LLC Makes New $351,000 Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Invst LLC purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,817 shares of the financial services provider’s stock, valued at approximately $351,000.

A number of other hedge funds also recently bought and sold shares of GRBK. Vanguard Group Inc. boosted its position in Green Brick Partners by 10.1% during the third quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock worth $89,926,000 after purchasing an additional 199,471 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Green Brick Partners by 84.5% in the fourth quarter. SG Americas Securities LLC now owns 12,534 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 5,740 shares in the last quarter. Raymond James & Associates lifted its position in shares of Green Brick Partners by 138.8% in the fourth quarter. Raymond James & Associates now owns 36,829 shares of the financial services provider’s stock valued at $1,913,000 after acquiring an additional 21,404 shares in the last quarter. PFG Advisors purchased a new position in shares of Green Brick Partners in the fourth quarter valued at approximately $264,000. Finally, Arizona State Retirement System lifted its position in shares of Green Brick Partners by 14.2% in the fourth quarter. Arizona State Retirement System now owns 8,881 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 1,107 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insider Buying and Selling

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the firm’s stock in a transaction on 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 owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the firm’s stock in a transaction on 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 owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Einhorn sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total value of $57,800,000.00. Following the sale, the director now directly owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The disclosure for this sale can be found here. 44.40% of the stock is currently owned by company insiders.

Green Brick Partners Trading Down 1.5 %

Green Brick Partners stock traded down $1.09 during trading on Friday, reaching $71.79. 640,100 shares of the company were exchanged, compared to its average volume of 493,755. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $78.39. The company has a market capitalization of $3.19 billion, a P/E ratio of 10.89 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $60.83 and its two-hundred day simple moving average is $56.98.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.55. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The firm had revenue of $560.63 million for the quarter, compared to the consensus estimate of $501.51 million. During the same quarter last year, the business posted $1.63 earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts expect that Green Brick Partners, Inc. will post 7.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GRBK has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $49.00 target price on shares of Green Brick Partners in a research report on Thursday, May 2nd. B. Riley raised their target price on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday.

Green Brick Partners Company 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.