Aristides Capital LLC Takes $281,000 Position in Green Brick Partners, Inc. $GRBK

Key Points

• Aristides Capital LLC has established a new stake in Green Brick Partners, acquiring 4,818 shares valued at approximately $281,000 during the first quarter.
• In addition to Aristides Capital, various hedge funds have increased their holdings in Green Brick Partners, with a combined institutional ownership of 78.24%.
• Green Brick Partners reported earnings per share of $1.85 for the last quarter, missing analyst estimates by $0.09, indicating a decrease in revenue compared to the previous year.

Aristides Capital LLC acquired a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,818 shares of the financial services provider's stock, valued at approximately $281,000.

Several other hedge funds have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Green Brick Partners in the 1st quarter worth approximately $46,000. Byrne Asset Management LLC increased its holdings in Green Brick Partners by 50.7% in the 1st quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after buying an additional 730 shares during the period. GAMMA Investing LLC increased its holdings in Green Brick Partners by 36.8% in the 1st quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock worth $140,000 after buying an additional 646 shares during the period. Covestor Ltd increased its holdings in Green Brick Partners by 55.1% in the 1st quarter. Covestor Ltd now owns 2,457 shares of the financial services provider's stock worth $143,000 after buying an additional 873 shares during the period. Finally, CWM LLC increased its holdings in Green Brick Partners by 13.5% in the 1st quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Insider Activity

In other 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 in the company, valued at $18,265,869.80. This trade represents a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 29.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of Green Brick Partners in a report on Monday, June 30th. They issued a "neutral" rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $66.00.

Green Brick Partners Trading Down 1.1%

Green Brick Partners stock opened at $70.25 on Tuesday. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The stock's 50 day simple moving average is $65.26 and its two-hundred day simple moving average is $61.12. The firm has a market cap of $3.06 billion, a PE ratio of 9.12 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) 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 in the previous 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. Analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners Company 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.

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