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

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

Green Brick Partners Price Performance

GRBK stock traded down $0.29 during mid-day trading on Wednesday, hitting $55.88. 238,896 shares of the stock were exchanged, compared to its average volume of 336,383. The business has a fifty day moving average price of $55.80 and a 200 day moving average price of $51.78. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.48 and a beta of 1.73. Green Brick Partners, Inc. has a 12 month low of $37.31 and a 12 month high of $61.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.16.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The firm had revenue of $447.34 million during the quarter, compared to analyst estimates of $440.44 million. During the same period in the previous year, the business posted $1.37 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

GRBK has been the subject of several recent research reports. Wedbush reiterated a “neutral” rating and issued a $49.00 target price on shares of Green Brick Partners in a research note on Thursday, May 2nd. B. Riley increased 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 note on Friday, May 3rd. Finally, StockNews.com lowered Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Sunday, March 17th.

Institutional Investors Weigh In On Green Brick Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 during the period. GAMMA Investing LLC bought a new stake in Green Brick Partners during the 4th quarter valued at approximately $60,000. Byrne Asset Management LLC grew its holdings in shares of 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 acquiring an additional 460 shares during the period. Rocky Mountain Advisers LLC lifted its stake 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 during the period. Finally, Planned Solutions Inc. bought a new stake in shares of Green Brick Partners during the fourth quarter valued at approximately $123,000. 78.24% of the stock is currently owned by institutional investors.

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.