Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Summit Global Investments

Summit Global Investments lessened its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 62.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,457 shares of the financial services provider’s stock after selling 14,266 shares during the period. Summit Global Investments’ holdings in Green Brick Partners were worth $439,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nisa Investment Advisors LLC increased its position in shares of Green Brick Partners by 5,000.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. GAMMA Investing LLC purchased a new position in Green Brick Partners during the 4th quarter worth approximately $60,000. Planned Solutions Inc. acquired a new stake in Green Brick Partners during the 4th quarter valued at $123,000. Optimum Investment Advisors lifted its holdings in shares of Green Brick Partners by 433.3% in the fourth quarter. Optimum Investment Advisors now owns 2,400 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Green Brick Partners by 148.8% in the fourth quarter. Whittier Trust Co. now owns 2,508 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,500 shares during the period. 78.24% of the stock is owned by institutional investors.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was bought at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the transaction, the director now directly owns 88,063 shares of the company’s stock, valued at approximately $4,565,185.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 44.40% of the company’s stock.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK opened at $56.64 on Monday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 8.59 and a beta of 1.73. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $61.62. The company has a current ratio of 8.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $55.84 and a 200 day simple moving average of $51.53.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results 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. The company had revenue of $447.34 million during 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 business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. As a group, sell-side analysts predict that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. B. Riley upped their price target on Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday. Wedbush reissued a “neutral” rating and issued a $49.00 price target on shares of Green Brick Partners in a research report on Thursday. Finally, StockNews.com cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th.

Green Brick Partners 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.