Brandywine Global Investment Management LLC Boosts Stake in 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 lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,207 shares of the financial services provider's stock after purchasing an additional 10,894 shares during the quarter. 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 SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Green Brick Partners by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock worth $31,932,000 after purchasing an additional 36,239 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Green Brick Partners by 72.8% during the first 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Green Brick Partners by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock worth $25,581,000 after buying an additional 41,083 shares during the period. Northern Trust Corp raised its holdings in Green Brick Partners by 6.1% in the fourth quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock valued at $19,526,000 after acquiring an additional 19,752 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in Green Brick Partners by 2.4% in the first quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider's stock valued at $19,492,000 after acquiring an additional 7,967 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of Green Brick Partners stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total value of $1,335,200.00. Following the transaction, the chief operating officer directly owned 273,605 shares in the company, valued at approximately $18,265,869.80. This trade represents a 6.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 29.70% of the stock is owned by company insiders.

Green Brick Partners Stock Performance

Shares of GRBK traded up $4.2550 during midday trading on Friday, reaching $71.3050. 106,605 shares of the stock were exchanged, compared to its average volume of 290,073. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.28 and a beta of 1.83. 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, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The business's 50-day moving average price is $64.83 and its 200 day moving average price is $60.93.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results 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 return on equity of 25.35% and a net margin of 17.70%.The firm's revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $2.32 EPS. On average, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of 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, According to MarketBeat, Green Brick Partners has an average rating of "Hold" and an average price target 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.