Algert Global LLC Has $3.61 Million Stake in Green Brick Partners, Inc. $GRBK

Key Points

• Algert Global LLC has reduced its stock position in Green Brick Partners by 20.1%, selling 15,510 shares and now holding 61,829 shares valued at approximately $3.6 million.
• Green Brick Partners reported a net margin of 17.70% and earnings per share of $1.85, missing analysts' expectations of $1.94, with a revenue decline of 2.1% year-over-year.
• Insider COO Jed Dolson sold 20,000 shares of the company, decreasing his holdings by 6.81%, while corporate insiders collectively own 29.70% of the company's stock.

Algert Global LLC decreased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 20.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,829 shares of the financial services provider's stock after selling 15,510 shares during the period. Algert Global LLC owned 0.14% of Green Brick Partners worth $3,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealthedge Investment Advisors LLC grew its holdings in Green Brick Partners by 157.8% during the first quarter. Wealthedge Investment Advisors LLC now owns 9,141 shares of the financial services provider's stock worth $533,000 after purchasing an additional 5,595 shares during the period. American Century Companies Inc. grew its holdings in Green Brick Partners by 0.5% during the first quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider's stock worth $2,284,000 after purchasing an additional 207 shares during the period. Brandywine Global Investment Management LLC grew its holdings in Green Brick Partners by 7.2% during the first quarter. Brandywine Global Investment Management LLC now owns 162,207 shares of the financial services provider's stock worth $9,458,000 after purchasing an additional 10,894 shares during the period. Russell Investments Group Ltd. grew its holdings in Green Brick Partners by 8.6% during the first quarter. Russell Investments Group Ltd. now owns 89,478 shares of the financial services provider's stock worth $5,217,000 after purchasing an additional 7,089 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Green Brick Partners by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 97,417 shares of the financial services provider's stock worth $5,680,000 after purchasing an additional 20,875 shares during the period. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

NASDAQ:GRBK traded down $0.79 during mid-day trading on Monday, reaching $70.25. The stock had a trading volume of 174,735 shares, compared to its average volume of 290,840. The stock has a 50-day simple moving average of $65.26 and a two-hundred day simple moving average of $61.12. The stock has a market capitalization of $3.06 billion, a PE ratio of 9.12 and a beta of 1.83. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.32 EPS. On average, equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Insider Buying and Selling at Green Brick Partners

In related news, COO Jed Dolson sold 15,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total value of $1,031,400.00. Following the sale, the chief operating officer owned 258,605 shares of the company's stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 price target for the company. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

Green Brick Partners Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.