Punch & Associates Investment Management Inc. Increases Stock Holdings in Green Brick Partners, Inc. $GRBK

Key Points

• Punch & Associates Investment Management Inc. increased its holdings in Green Brick Partners, Inc. by 1.9%, now owning 389,910 shares valued at approximately $22.7 million.
• The stock has a market capitalization of $3.19 billion and recently reported earnings of $1.85 per share, missing analyst expectations of $1.94 per share.
• In total, institutional investors own 78.24% of Green Brick Partners' stock, reflecting significant interest from the investment community.

Punch & Associates Investment Management Inc. lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,910 shares of the financial services provider's stock after buying an additional 7,254 shares during the period. Green Brick Partners comprises 1.5% of Punch & Associates Investment Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Punch & Associates Investment Management Inc. owned approximately 0.89% of Green Brick Partners worth $22,736,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Elgethun Capital Management grew its holdings in shares of Green Brick Partners by 3.4% during the first quarter. Elgethun Capital Management now owns 6,000 shares of the financial services provider's stock worth $350,000 after buying an additional 200 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Green Brick Partners by 0.5% during the first quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider's stock worth $2,284,000 after buying an additional 207 shares in the last quarter. Kendall Capital Management lifted its holdings in shares of Green Brick Partners by 1.5% during the 1st quarter. Kendall Capital Management now owns 17,323 shares of the financial services provider's stock worth $1,010,000 after acquiring an additional 255 shares during the period. CWM LLC lifted its holdings in shares of Green Brick Partners by 13.5% during the 1st quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock worth $172,000 after acquiring an additional 352 shares during the period. Finally, Vestcor Inc lifted its holdings in shares of Green Brick Partners by 4.6% during the 1st quarter. Vestcor Inc now owns 8,062 shares of the financial services provider's stock worth $470,000 after acquiring an additional 356 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Trading Up 3.5%

Shares of NASDAQ:GRBK traded up $2.57 during trading on Thursday, reaching $75.29. 222,103 shares of the stock were exchanged, compared to its average volume of 285,789. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 9.78 and a beta of 1.89. The firm's 50-day moving average price is $67.35 and its 200 day moving average price is $62.05.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its 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 period in the previous year, the firm posted $2.32 EPS. The business's 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 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jed Dolson sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the completion of the sale, the chief operating officer owned 258,605 shares in the company, valued at approximately $17,781,679.80. The trade was a 5.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 29.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Green Brick Partners in a report on Monday, June 30th. They issued a "neutral" rating and a $62.00 target price for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Green Brick Partners has a consensus rating of "Hold" and a consensus price target of $66.00.

Green Brick Partners 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.