Brandywine Global Investment Management LLC Acquires 10,894 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Brandywine Global Investment Management LLC increased its stake in Green Brick Partners by 7.2%, acquiring an additional 10,894 shares, bringing its total ownership to 162,207 shares valued at approximately $9.46 million.
• Insider trades revealed COO Jed Dolson sold 15,000 shares at an average price of $68.76, resulting in a 5.48% decrease in his position with the firm.
• Green Brick Partners recently reported quarterly earnings with $1.85 EPS, missing analyst expectations of $1.94 EPS, while showing a 17.70% net margin.

Brandywine Global Investment Management LLC raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,207 shares of the financial services provider's stock after acquiring an additional 10,894 shares during the period. Brandywine Global Investment Management LLC owned about 0.37% of Green Brick Partners worth $9,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 645 shares in the last quarter. Byrne Asset Management LLC raised its stake in shares of 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 valued at $127,000 after purchasing an additional 730 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Green Brick Partners by 36.8% in the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 646 shares in the last quarter. Covestor Ltd boosted its position in shares of Green Brick Partners by 55.1% during the first 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 boosted its position in shares of Green Brick Partners by 13.5% during the first 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. 78.24% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were 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 represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.70% of the stock is currently owned by insiders.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded down $1.99 during trading on Wednesday, hitting $67.19. 223,444 shares of the stock were exchanged, compared to its average volume of 291,999. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.73 and a beta of 1.83. The company has a fifty day moving average price of $64.58 and a 200-day moving average price of $60.83. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. 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 (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 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 quarter last year, the business posted $2.32 earnings per share. The company's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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