Raymond James Financial Services Advisors Inc. Lowers Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Raymond James Financial Services Advisors Inc. reduced its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK – Get Rating) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,580 shares of the financial services provider’s stock after selling 2,127 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Green Brick Partners were worth $4,060,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC boosted its stake in shares of Green Brick Partners by 1.4% during the 4th quarter. Belpointe Asset Management LLC now owns 64,411 shares of the financial services provider’s stock worth $1,561,000 after acquiring an additional 885 shares in the last quarter. Arizona State Retirement System purchased a new position in Green Brick Partners in the 4th quarter valued at about $205,000. LPL Financial LLC purchased a new position in Green Brick Partners in the 4th quarter valued at about $286,000. Monarch Partners Asset Management LLC purchased a new position in Green Brick Partners in the 4th quarter valued at about $2,663,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Green Brick Partners by 38.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,134 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,698 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Green Brick Partners

In other news, Director Harry Brandler sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $50.07, for a total transaction of $1,251,750.00. Following the completion of the sale, the director now owns 49,176 shares in the company, valued at approximately $2,462,242.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard S. Press sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $49.60, for a total transaction of $992,000.00. Following the completion of the sale, the director now owns 79,662 shares in the company, valued at approximately $3,951,235.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry Brandler sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $50.07, for a total transaction of $1,251,750.00. Following the sale, the director now owns 49,176 shares of the company’s stock, valued at approximately $2,462,242.32. The disclosure for this sale can be found here. Insiders sold 55,000 shares of company stock worth $2,738,850 in the last 90 days. Insiders own 41.50% of the company’s stock.

Green Brick Partners Stock Down 1.4 %

GRBK stock opened at $51.97 on Friday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 8.38 and a beta of 1.60. The company has a current ratio of 7.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. Green Brick Partners, Inc. has a 12 month low of $16.80 and a 12 month high of $53.72. The firm has a 50-day moving average of $38.52 and a two-hundred day moving average of $31.10.

Green Brick Partners (NASDAQ:GRBK – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.01). The business had revenue of $431.09 million during the quarter, compared to analyst estimates of $372.88 million. Green Brick Partners had a net margin of 16.22% and a return on equity of 29.35%. As a group, analysts forecast that Green Brick Partners, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

GRBK has been the topic of a number of research reports. B. Riley raised shares of Green Brick Partners from a “neutral” rating to a “buy” rating in a research note on Thursday, May 4th. StockNews.com initiated coverage on shares of Green Brick Partners in a research note on Thursday. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.50.

Green Brick Partners Profile

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Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.