Jump Financial LLC Buys New Position in Green Brick Partners, Inc. $GRBK

Key Points

• Jump Financial LLC acquired a new stake in Green Brick Partners, purchasing 9,605 shares valued at approximately $560,000 in the first quarter.
• Several large investors increased their holdings in Green Brick Partners, with AlphaQuest LLC raising its stake by 147.8% during the same period.
• Green Brick Partners reported $1.85 EPS for the latest quarter, missing the consensus estimate of $1.94, and its revenue decreased by 2.1% year-over-year.

Jump Financial LLC purchased a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,605 shares of the financial services provider's stock, valued at approximately $560,000.

Several other institutional investors also recently added to or reduced their stakes in GRBK. The Manufacturers Life Insurance Company grew its position in Green Brick Partners by 1,342.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock valued at $16,365,000 after buying an additional 269,615 shares during the period. Annex Advisory Services LLC boosted its position in Green Brick Partners by 72.8% during the first quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock worth $27,403,000 after purchasing an additional 198,024 shares during the period. GAMMA Investing LLC boosted its position in Green Brick Partners by 7,878.6% during the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after purchasing an additional 138,190 shares during the period. Twinbeech Capital LP bought a new position in Green Brick Partners during the fourth quarter worth about $6,473,000. Finally, Voloridge Investment Management LLC boosted its position in Green Brick Partners by 65.3% during the fourth quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider's stock worth $10,936,000 after purchasing an additional 76,482 shares during the period. Institutional investors own 78.24% of the company's stock.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $66.00.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock traded up $2.16 on Thursday, reaching $71.46. The stock had a trading volume of 59,122 shares, compared to its average volume of 284,625. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. The company has a market cap of $3.11 billion, a P/E ratio of 9.28 and a beta of 1.88. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $66.42 and its two-hundred day moving average is $61.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced 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%.During the same quarter in the previous year, the company earned $2.32 earnings per share. Green Brick Partners's quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Insider Activity

In other news, COO Jed Dolson sold 15,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 29.70% of the company's stock.

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.