Kendall Capital Management Purchases 5,135 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Kendall Capital Management increased its stake in Green Brick Partners, acquiring an additional 5,135 shares and raising its total ownership by 29.6% during Q2.
• Institutional investors collectively hold 78.24% of Green Brick Partners, reflecting strong interest from the investment community.
• Green Brick Partners reported earnings of $1.85 per share for Q2, falling short of analysts' expectations, with a net margin of 17.70% and a revenue decline of 2.1% year-over-year.

Kendall Capital Management grew its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 29.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,458 shares of the financial services provider's stock after purchasing an additional 5,135 shares during the quarter. Kendall Capital Management owned approximately 0.05% of Green Brick Partners worth $1,412,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Green Brick Partners in the first quarter valued at approximately $46,000. Byrne Asset Management LLC raised its position 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 valued at $127,000 after purchasing an additional 730 shares during the period. GAMMA Investing LLC raised its position in shares of 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 during the period. Covestor Ltd raised its position in shares of Green Brick Partners by 55.1% in the first quarter. Covestor Ltd now owns 2,457 shares of the financial services provider's stock valued at $143,000 after purchasing an additional 873 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in shares of Green Brick Partners in the second quarter valued at approximately $151,000. Institutional investors own 78.24% of the company's stock.

Insiders Place Their Bets

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of Green Brick Partners stock in a transaction on 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 in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 29.70% of the stock is owned by corporate insiders.

Green Brick Partners Trading Up 2.5%

Shares of Green Brick Partners stock opened at $72.24 on Friday. The company's fifty day simple moving average is $68.99 and its 200-day simple moving average is $63.04. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 9.38 and a beta of 1.89. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly 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 return on equity of 25.35% and a net margin of 17.70%.During the same quarter last year, the company posted $2.32 EPS. Green Brick Partners's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

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

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