Chemistry Wealth Management LLC Purchases Shares of 3,555 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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,555 shares of the financial services provider's stock, valued at approximately $224,000.

Several other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Green Brick Partners by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock worth $9,921,000 after purchasing an additional 5,375 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Green Brick Partners in the 1st quarter worth approximately $371,000. GAMMA Investing LLC raised its holdings in shares of Green Brick Partners by 7,878.6% in the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after purchasing an additional 138,190 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Green Brick Partners by 10.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock worth $25,581,000 after purchasing an additional 41,083 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Green Brick Partners by 56.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider's stock worth $26,471,000 after purchasing an additional 164,273 shares during the period. Institutional investors own 78.24% of the company's stock.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total value of $1,335,200.00. Following the completion of the sale, the chief operating officer directly owned 273,605 shares of the company's stock, valued at $18,265,869.80. The trade was a 6.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 29.70% of the company's stock.

Green Brick Partners Stock Down 2.0%

Shares of NASDAQ:GRBK traded down $1.48 during trading on Friday, reaching $71.17. 558,482 shares of the stock traded hands, compared to its average volume of 285,083. The stock has a market cap of $3.10 billion, a P/E ratio of 9.24 and a beta of 1.89. The stock has a 50-day moving average of $68.40 and a two-hundred day moving average of $62.72. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

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%. Green Brick Partners's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share 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 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 presently has an average rating of "Hold" and a consensus 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.