First Sabrepoint Capital Management LP Increases Stock Holdings in Green Brick Partners, Inc. $GRBK

Key Points

• First Sabrepoint Capital Management LP increased its stake in Green Brick Partners by 32.9% in Q1, holding 179,478 shares valued at approximately $10.47 million, making it the firm's 7th largest investment.
• Green Brick Partners reported a miss in EPS with $1.85 for the quarter, falling short of analysts' estimates of $1.94, while its revenue decreased by 2.1% compared to the previous year.
• Research analysts have rated Green Brick Partners mostly as a Hold, with a consensus price target of $66.00.

First Sabrepoint Capital Management LP increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,478 shares of the financial services provider's stock after buying an additional 44,478 shares during the quarter. Green Brick Partners accounts for about 3.9% of First Sabrepoint Capital Management LP's holdings, making the stock its 7th biggest holding. First Sabrepoint Capital Management LP owned approximately 0.41% of Green Brick Partners worth $10,465,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Green Brick Partners in the first quarter worth $46,000. Byrne Asset Management LLC increased its stake in shares of Green Brick Partners by 50.7% in the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after buying an additional 730 shares during the period. GAMMA Investing LLC increased its stake in shares of Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the period. Covestor Ltd boosted its position in Green Brick Partners by 55.1% during the 1st quarter. Covestor Ltd now owns 2,457 shares of the financial services provider's stock valued at $143,000 after acquiring an additional 873 shares in the last quarter. Finally, CWM LLC raised its stake in Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock valued at $172,000 after buying an additional 352 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Trading Up 0.4%

NASDAQ GRBK traded up $0.27 during trading on Wednesday, hitting $69.27. The stock had a trading volume of 156,498 shares, compared to its average volume of 286,003. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The company has a market capitalization of $3.02 billion, a PE ratio of 9.00 and a beta of 1.88. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $66.42 and a 200 day moving average price of $61.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued 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 return on equity of 25.35% and a net margin of 17.70%.Green Brick Partners's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 EPS. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

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 of the company's stock, valued at $18,265,869.80. The trade was a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 29.70% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average 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.