Hotchkis & Wiley Capital Management LLC Sells 26,410 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Green Brick Partners by 19.3%, selling 26,410 shares and now holds approximately 110,331 shares valued at $6.4 million.
• Insider activity includes COO Jed Dolson selling 15,000 shares for $1.03 million, representing a 5.48% decrease in his holdings.
• Green Brick Partners reported earnings per share (EPS) of $1.85 for the last quarter, missing estimates, and its quarterly revenue declined by 2.1% year over year.

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,331 shares of the financial services provider's stock after selling 26,410 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.25% of Green Brick Partners worth $6,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elgethun Capital Management grew its stake in shares of Green Brick Partners by 3.4% in the 1st quarter. Elgethun Capital Management now owns 6,000 shares of the financial services provider's stock valued at $350,000 after purchasing an additional 200 shares during the period. American Century Companies Inc. grew its stake in shares of Green Brick Partners by 0.5% in the 1st quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider's stock valued at $2,284,000 after purchasing an additional 207 shares during the period. Kendall Capital Management grew its stake in shares of Green Brick Partners by 1.5% in the 1st quarter. Kendall Capital Management now owns 17,323 shares of the financial services provider's stock valued at $1,010,000 after purchasing an additional 255 shares during the period. CWM LLC grew its stake in shares of Green Brick Partners by 13.5% in the 1st quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 352 shares during the period. Finally, Vestcor Inc grew its stake in shares of Green Brick Partners by 4.6% in the 1st quarter. Vestcor Inc now owns 8,062 shares of the financial services provider's stock valued at $470,000 after purchasing an additional 356 shares during the period. 78.24% of the stock is currently owned by institutional investors.

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was 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 $17,781,679.80. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 29.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 price target on the stock. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Green Brick Partners presently has an average rating of "Hold" and an average target price of $66.00.

Green Brick Partners Stock Down 1.1%

NASDAQ:GRBK opened at $70.25 on Tuesday. The stock's fifty day moving average price is $65.26 and its two-hundred day moving average price is $61.12. 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. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 9.12 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the company posted $2.32 EPS. The company's quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.

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