AWH Capital L.P. Sells 5,000 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• AWH Capital L.P. reduced its stake in Green Brick Partners by 10.0%, owning 45,000 shares worth approximately $2.62 million after selling 5,000 shares in the first quarter.
• During the same period, several large investors increased their holdings, including Annex Advisory Services LLC which expanded its position by 72.8% to own nearly 470,000 shares valued at $27.4 million.
• Green Brick Partners recently reported earnings per share (EPS) of $1.85, missing analyst expectations and experiencing a 2.1% year-over-year revenue decline.

AWH Capital L.P. lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the financial services provider's stock after selling 5,000 shares during the period. Green Brick Partners accounts for 3.8% of AWH Capital L.P.'s investment portfolio, making the stock its 13th biggest position. AWH Capital L.P. owned approximately 0.10% of Green Brick Partners worth $2,624,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC grew its holdings in Green Brick Partners by 72.8% in the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock worth $27,403,000 after acquiring an additional 198,024 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in 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 acquiring an additional 164,273 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 41,083 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Green Brick Partners by 6.1% during the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock valued at $19,526,000 after purchasing an additional 19,752 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Green Brick Partners by 2.4% during the 1st quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider's stock valued at $19,492,000 after purchasing an additional 7,967 shares in the last quarter. Institutional investors own 78.24% of the company's stock.

Insider Buying and Selling

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

Green Brick Partners Trading Up 1.7%

Shares of GRBK traded up $1.25 during trading hours on Friday, reaching $73.28. 298,346 shares of the company traded hands, compared to its average volume of 285,599. The company's fifty day moving average price is $66.80 and its two-hundred day moving average price is $61.78. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 9.52 and a beta of 1.89. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. 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 announced 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 in the prior year, the business posted $2.32 EPS. The company's revenue was down 2.1% on a year-over-year basis. Equities research analysts predict 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 assumed coverage on shares of Green Brick Partners in a research note on Monday, June 30th. They set a "neutral" rating and a $62.00 target price on the stock. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $66.00.

Green Brick Partners Company 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.