Richard Arthur Costello Sells 40,000 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) Stock

Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chief financial officer now directly owns 52,116 shares of the company’s stock, valued at approximately $2,958,625.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $56.18 on Wednesday. The stock has a fifty day simple moving average of $55.80 and a 200-day simple moving average of $51.78. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.52 billion, a PE ratio of 8.53 and a beta of 1.73. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve month high of $61.62.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, beating 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 company had revenue of $447.34 million for the quarter, compared to analysts’ expectations of $440.44 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. Green Brick Partners’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on GRBK shares. Wedbush reissued a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday, May 2nd. StockNews.com cut shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Sunday, March 17th. Finally, B. Riley raised their price target on shares of Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd.

Hedge Funds Weigh In On Green Brick Partners

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in Green Brick Partners by 76.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock worth $65,103,000 after purchasing an additional 543,450 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Green Brick Partners by 11.0% in the 4th quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock valued at $124,855,000 after buying an additional 237,463 shares during the period. American Century Companies Inc. lifted its stake in Green Brick Partners by 30.7% during the 3rd quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after acquiring an additional 99,240 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Green Brick Partners by 155.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock valued at $6,616,000 after acquiring an additional 96,923 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in Green Brick Partners by 123.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider’s stock valued at $6,197,000 after acquiring an additional 82,384 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

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.