Algert Global LLC Sells 15,510 Shares of 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 lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 20.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,829 shares of the financial services provider's stock after selling 15,510 shares during the quarter. Algert Global LLC owned about 0.14% of Green Brick Partners worth $3,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GRBK. The Manufacturers Life Insurance Company increased its holdings in Green Brick Partners by 1,342.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock valued at $16,365,000 after purchasing an additional 269,615 shares during the last quarter. Annex Advisory Services LLC raised its stake in Green Brick Partners by 72.8% during the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock worth $27,403,000 after buying an additional 198,024 shares during the period. GAMMA Investing LLC raised its stake in Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after buying an additional 138,190 shares during the period. Twinbeech Capital LP acquired a new stake in Green Brick Partners during the 4th quarter worth $6,473,000. Finally, Voloridge Investment Management LLC raised its stake in Green Brick Partners by 65.3% during the 4th quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider's stock worth $10,936,000 after buying an additional 76,482 shares during the period. Institutional investors own 78.24% of the company's stock.

Insider Buying and Selling

In related news, COO Jed Dolson sold 20,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the completion of the transaction, the chief operating officer owned 273,605 shares in the company, valued at approximately $18,265,869.80. This represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 29.70% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley began coverage on Green Brick Partners in a research note on Monday, June 30th. They set a "neutral" rating and a $62.00 price objective on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $66.00.

Green Brick Partners Stock Up 6.0%

GRBK traded up $4.0150 during trading on Friday, hitting $71.0650. The company had a trading volume of 335,087 shares, compared to its average volume of 291,566. The company has a market capitalization of $3.10 billion, a PE ratio of 9.23 and a beta of 1.83. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The firm's 50-day moving average price is $65.06 and its 200 day moving average price is $61.02. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

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

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.