Green Brick Partners, Inc. (NASDAQ:GRBK) Director Richard S. Press Acquires 1,474 Shares of Stock

Green Brick Partners, Inc. (NASDAQ:GRBK) Director Richard S. Press bought 1,474 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $57.44 per share, with a total value of $84,666.56. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $57,440. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Green Brick Partners Stock Down 0.8 %

Shares of Green Brick Partners stock opened at $55.74 on Thursday. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve month high of $61.62. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 8.46 and a beta of 1.73. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $55.78 and a 200 day moving average price of $51.81.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.51 by $0.31. The business had revenue of $447.34 million for the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. Equities research analysts forecast that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GRBK shares. B. Riley upped their price objective on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Wedbush reiterated a “neutral” rating and set a $49.00 target price on shares of Green Brick Partners in a report on Thursday, May 2nd. Finally, StockNews.com lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th.

Institutional Investors Weigh In On Green Brick Partners

A number of large investors have recently added to or reduced their stakes in GRBK. Nisa Investment Advisors LLC lifted its holdings in Green Brick Partners by 5,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,000 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Green Brick Partners during the 4th quarter valued at approximately $60,000. Byrne Asset Management LLC increased its holdings in Green Brick Partners by 40.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,600 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 460 shares during the last quarter. Rocky Mountain Advisers LLC raised its position in shares of Green Brick Partners by 377.5% in the 1st quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Green Brick Partners in the fourth quarter worth $123,000. 78.24% of the stock is owned by institutional investors and hedge funds.

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.