Dimensional Fund Advisors LP Increases Holdings in Green Brick Partners Inc (NASDAQ:GRBK)

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Dimensional Fund Advisors LP boosted its holdings in shares of Green Brick Partners Inc (NASDAQ:GRBK) by 14.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,318,372 shares of the financial services provider’s stock after buying an additional 167,526 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Green Brick Partners were worth $9,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ranger Investment Management L.P. grew its position in shares of Green Brick Partners by 12.9% during the fourth quarter. Ranger Investment Management L.P. now owns 608,468 shares of the financial services provider’s stock worth $4,405,000 after acquiring an additional 69,393 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Green Brick Partners during the fourth quarter worth about $289,000. Bank of America Corp DE grew its position in shares of Green Brick Partners by 38.5% during the fourth quarter. Bank of America Corp DE now owns 52,436 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 14,568 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Green Brick Partners by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 288,553 shares of the financial services provider’s stock worth $2,089,000 after acquiring an additional 20,795 shares during the last quarter. Finally, SCW Capital Management LP bought a new position in shares of Green Brick Partners during the fourth quarter worth about $8,503,000. Institutional investors own 81.15% of the company’s stock.

In related news, Director Harry Brandler bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $8.97 per share, for a total transaction of $44,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John R. Farris bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of $8.70 per share, with a total value of $174,000.00. Following the transaction, the director now directly owns 93,570 shares in the company, valued at $814,059. The disclosure for this purchase can be found here. Corporate insiders own 52.40% of the company’s stock.

Shares of GRBK opened at $8.84 on Thursday. The stock has a market capitalization of $461.66 million, a P/E ratio of 6.45 and a beta of 1.65. Green Brick Partners Inc has a 52-week low of $6.65 and a 52-week high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The firm had revenue of $168.63 million during the quarter, compared to analyst estimates of $157.51 million. Green Brick Partners had a net margin of 8.05% and a return on equity of 14.21%. On average, equities analysts forecast that Green Brick Partners Inc will post 1.05 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub lowered shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. TheStreet upgraded shares of Green Brick Partners from a “c” rating to a “b-” rating in a research report on Tuesday, March 5th. Citigroup increased their target price on shares of Green Brick Partners from $9.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, JMP Securities reiterated a “buy” rating and issued a $11.50 target price on shares of Green Brick Partners in a research report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.57.

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Green Brick Partners Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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