Richard S. Press Purchases 1,474 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) Stock

Green Brick Partners, Inc. (NASDAQ:GRBK) Director Richard S. Press purchased 1,474 shares of Green Brick Partners stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $57,440. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Green Brick Partners Price Performance

NASDAQ:GRBK opened at $55.84 on Friday. The company has a 50-day moving average of $55.72 and a 200-day moving average of $51.83. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.47 and a beta of 1.73. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $61.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 EPS 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 net margin of 17.13% and a return on equity of 24.40%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. As a group, equities research analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GRBK. B. Riley increased their price target on shares of Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. StockNews.com downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Finally, Wedbush reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Green Brick Partners in a report on Thursday, May 2nd.

Hedge Funds Weigh In On Green Brick Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of Green Brick Partners by 13.3% during the 3rd quarter. Raymond James & Associates now owns 15,425 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 1,816 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Green Brick Partners by 81.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 12,972 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 5,815 shares in the last quarter. Inspire Investing LLC increased its position in shares of Green Brick Partners by 305.0% during the 3rd quarter. Inspire Investing LLC now owns 22,424 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 16,887 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Green Brick Partners by 1,554.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,877 shares of the financial services provider’s stock worth $1,614,000 after purchasing an additional 36,527 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Green Brick Partners by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider’s stock worth $742,000 after purchasing an additional 381 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

About Green Brick Partners

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.