Chemistry Wealth Management LLC Makes New $224,000 Investment in Green Brick Partners, Inc. $GRBK

Key Points

• Chemistry Wealth Management LLC invested approximately $224,000 in Green Brick Partners, acquiring 3,555 shares during the second quarter.
• Following this investment, other institutional investors have also increased their stakes significantly, with 78.24% of the stock owned by institutional investors overall.
• Green Brick Partners recently reported earnings of $1.85 per share, missing analysts' expectations, with the stock currently holding a consensus rating of "Hold" and an average target price of $66.00.

Chemistry Wealth Management LLC bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,555 shares of the financial services provider's stock, valued at approximately $224,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Green Brick Partners by 3.3% in the first quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock valued at $9,921,000 after acquiring an additional 5,375 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Green Brick Partners in the first quarter valued at approximately $371,000. GAMMA Investing LLC increased its stake in Green Brick Partners by 7,878.6% in the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock valued at $8,160,000 after acquiring an additional 138,190 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Green Brick Partners by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock valued at $25,581,000 after acquiring an additional 41,083 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Green Brick Partners by 56.7% in the first quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider's stock valued at $26,471,000 after acquiring an additional 164,273 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 objective on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $66.00.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock opened at $72.95 on Tuesday. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market capitalization of $3.18 billion, a P/E ratio of 9.47 and a beta of 1.89. The company's 50 day moving average price is $67.93 and its two-hundred day moving average price is $62.41.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results 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 quarter last year, the business posted $2.32 earnings per share. Green Brick Partners's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total value of $1,031,400.00. Following the sale, the chief operating officer owned 258,605 shares in the company, valued at $17,781,679.80. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 29.70% of the stock is owned by corporate insiders.

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.

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