Financial Designs Corp Buys Shares of 4,150 Green Brick Partners, Inc. $GRBK

Key Points

• Financial Designs Corp has acquired 4,150 shares of Green Brick Partners, Inc. for approximately $261,000 in the second quarter.
• Institutional investors and hedge funds now own 78.24% of Green Brick's stock, indicating strong confidence among large investors.
• Green Brick Partners reported an EPS of $1.85 for the last quarter, missing analysts' expectations, and has an average target price of $66.00 from analysts.

Financial Designs Corp purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,150 shares of the financial services provider's stock, valued at approximately $261,000.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Green Brick Partners by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock worth $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 during the first quarter worth $371,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 138,190 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 41,083 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Green Brick Partners by 56.7% during 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. Institutional investors and hedge funds own 78.24% of the company's stock.

Insider Buying and Selling

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the transaction, the chief operating officer directly owned 258,605 shares in the company, valued at approximately $17,781,679.80. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.70% of the company's stock.

Green Brick Partners Trading Up 2.5%

NASDAQ:GRBK opened at $72.24 on Friday. 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 one year low of $50.57 and a one year high of $84.66. The company has a market cap of $3.15 billion, a PE ratio of 9.38 and a beta of 1.89. The firm has a 50-day moving average of $68.99 and a 200-day moving average of $63.06.

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 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%. The business's revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $2.32 EPS. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on Green Brick Partners in a research report on Monday, June 30th. They issued a "neutral" rating and a $62.00 price objective for the company. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Green Brick Partners 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.

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