4D Advisors LLC Reduces Stake in Green Brick Partners, Inc. $GRBK

Key Points

• 4D Advisors LLC reduced its stake in Green Brick Partners by 50% during the 1st quarter, now holding 30,000 shares valued at approximately $1.75 million.
• Institutional investors own 78.24% of Green Brick Partners, with significant increases in holdings from Annex Advisory Services LLC and The Manufacturers Life Insurance Company during the same quarter.
• Green Brick reported an EPS of $1.85 for the last quarter, missing estimates by $0.09, while also experiencing a 2.1% drop in revenue compared to the previous year.

4D Advisors LLC decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the financial services provider's stock after selling 30,000 shares during the period. Green Brick Partners makes up 1.4% of 4D Advisors LLC's holdings, making the stock its 27th biggest holding. 4D Advisors LLC owned about 0.07% of Green Brick Partners worth $1,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Green Brick Partners in the first quarter valued at $46,000. Byrne Asset Management LLC increased its stake in 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 valued at $127,000 after purchasing an additional 730 shares in the last quarter. GAMMA Investing LLC increased its stake in Green Brick Partners by 36.8% in the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 646 shares in the last quarter. Covestor Ltd increased its position in shares of Green Brick Partners by 55.1% during the first quarter. Covestor Ltd now owns 2,457 shares of the financial services provider's stock worth $143,000 after acquiring an additional 873 shares in the last quarter. Finally, CWM LLC increased its position in shares of Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 258,605 shares of the company's stock, valued at approximately $17,781,679.80. This represents a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 29.70% of the company's stock.

Green Brick Partners Stock Up 1.7%

Shares of NASDAQ:GRBK traded up $1.25 during midday trading on Friday, hitting $73.28. 298,346 shares of the company's stock were exchanged, compared to its average volume of 285,599. 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 stock has a 50 day moving average price of $66.80 and a 200-day moving average price of $61.74. The company has a market cap of $3.19 billion, a PE ratio of 9.52 and a beta of 1.89. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66.

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 (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%.During the same quarter in the prior year, the company earned $2.32 earnings per share. The company's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 target price for the company. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Green Brick Partners presently has a consensus rating of "Hold" and a consensus 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.