Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) Director Richard S. Press acquired 1,474 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the completion of the acquisition, the director now owns 1,000 shares of the company's stock, valued at $57,440. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Green Brick Partners Price Performance
NASDAQ:GRBK opened at $55.74 on Thursday. The company has a quick ratio of 1.16, a current ratio of 8.70 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average price is $55.78 and its two-hundred day moving average price is $51.81. Green Brick Partners, Inc. has a 12-month low of $37.31 and a 12-month high of $61.62. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.46 and a beta of 1.73.
Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.31. The firm had revenue of $447.34 million for the quarter, compared to analysts' expectations of $440.44 million. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The business's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 EPS. On average, analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.
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GRBK has been the subject of a number of recent research reports. StockNews.com downgraded shares of Green Brick Partners from a "buy" rating to a "hold" rating in a research note on Sunday, March 17th. B. Riley boosted their price target on Green Brick Partners from $59.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Finally, Wedbush reiterated a "neutral" rating and set a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday, May 2nd.
Read Our Latest Report on Green Brick Partners
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. TBH Global Asset Management LLC grew its position in Green Brick Partners by 3.2% during the first quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider's stock worth $539,000 after buying an additional 279 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Green Brick Partners during the first quarter worth about $242,000. ProShare Advisors LLC lifted its position in Green Brick Partners by 7.4% during the first quarter. ProShare Advisors LLC now owns 5,245 shares of the financial services provider's stock worth $316,000 after purchasing an additional 363 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Green Brick Partners by 14.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 16,442 shares of the financial services provider's stock valued at $990,000 after buying an additional 2,102 shares in the last quarter. Finally, PFG Advisors lifted its holdings in shares of Green Brick Partners by 21.8% during the 1st quarter. PFG Advisors now owns 6,184 shares of the financial services provider's stock worth $372,000 after acquiring an additional 1,106 shares during the period. 78.24% of the stock is owned by institutional investors.
About Green Brick Partners
(
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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.
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