Green Brick Partners, Inc. $GRBK Stock Position Lifted by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in Green Brick Partners, Inc. by 147.8% in the first quarter, now holding 11,947 shares worth $697,000.
• Green Brick Partners reported a missed EPS estimate of $1.85 for the last quarter, below the consensus estimate of $1.94, with a revenue decrease of 2.1% year-over-year.
• The company has a market cap of $3.10 billion and a current stock price of $71.0650, alongside a price-to-earnings ratio of 9.23 and a debt-to-equity ratio of 0.20.

AlphaQuest LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 147.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,947 shares of the financial services provider's stock after buying an additional 7,125 shares during the quarter. AlphaQuest LLC's holdings in Green Brick Partners were worth $697,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Green Brick Partners in the first quarter valued at about $46,000. Versor Investments LP acquired a new stake in shares of Green Brick Partners in the first quarter valued at about $274,000. Wealthedge Investment Advisors LLC grew its stake in shares of Green Brick Partners by 157.8% in the first quarter. Wealthedge Investment Advisors LLC now owns 9,141 shares of the financial services provider's stock valued at $533,000 after buying an additional 5,595 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Green Brick Partners by 0.5% in the first quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider's stock valued at $2,284,000 after buying an additional 207 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in Green Brick Partners by 7.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 162,207 shares of the financial services provider's stock valued at $9,458,000 after purchasing an additional 10,894 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Up 0.1%

NASDAQ GRBK traded up $0.06 during mid-day trading on Wednesday, reaching $69.68. 127,329 shares of the company's stock traded hands, compared to its average volume of 289,111. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The company has a fifty day simple moving average of $65.68 and a 200-day simple moving average of $61.24. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 9.05 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data 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 net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the business posted $2.32 EPS. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Insider Buying and Selling

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the transaction, the chief operating officer owned 273,605 shares of the company's stock, valued at $18,265,869.80. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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 for the company. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners presently has a consensus rating of "Hold" and a consensus target price of $66.00.

About Green Brick Partners

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.