Green Brick Partners Inc (NASDAQ:GRBK) CAO Sells $56,339.00 in Stock

Green Brick Partners Inc (NASDAQ:GRBK) CAO Summer Loveland sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $10.63, for a total value of $56,339.00. Following the transaction, the chief accounting officer now owns 5,209 shares of the company’s stock, valued at approximately $55,371.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

GRBK remained flat at $$10.70 during trading on Tuesday. The company’s stock had a trading volume of 161,512 shares, compared to its average volume of 73,413. The company’s 50 day moving average price is $9.84 and its 200 day moving average price is $9.28. The company has a quick ratio of 0.80, a current ratio of 8.93 and a debt-to-equity ratio of 0.47. Green Brick Partners Inc has a 52-week low of $6.65 and a 52-week high of $10.99. The company has a market capitalization of $528.26 million, a PE ratio of 7.81 and a beta of 1.43.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Green Brick Partners had a return on equity of 12.60% and a net margin of 7.66%. The firm had revenue of $183.51 million during the quarter, compared to the consensus estimate of $165.00 million. As a group, analysts predict that Green Brick Partners Inc will post 1.03 earnings per share for the current year.

Several research firms recently commented on GRBK. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Zacks Investment Research upgraded Green Brick Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, August 16th. BTIG Research upgraded Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, September 23rd. Finally, TheStreet downgraded Green Brick Partners from a “b-” rating to a “c” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.14.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Punch & Associates Investment Management Inc. raised its position in Green Brick Partners by 1.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,759,627 shares of the financial services provider’s stock valued at $15,397,000 after purchasing an additional 17,857 shares during the last quarter. BlackRock Inc. raised its position in Green Brick Partners by 8.8% in the 2nd quarter. BlackRock Inc. now owns 1,600,725 shares of the financial services provider’s stock valued at $13,302,000 after purchasing an additional 129,445 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Green Brick Partners by 14.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock valued at $9,545,000 after purchasing an additional 167,526 shares during the last quarter. Vanguard Group Inc. raised its position in Green Brick Partners by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,204,138 shares of the financial services provider’s stock valued at $10,006,000 after purchasing an additional 45,698 shares during the last quarter. Finally, GW&K Investment Management LLC bought a new position in Green Brick Partners in the 2nd quarter valued at $4,690,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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