Punch & Associates Investment Management Inc. Has $22.74 Million 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% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 389,910 shares of the financial services provider's stock after purchasing an additional 7,254 shares during the period. Green Brick Partners accounts for about 1.5% of Punch & Associates Investment Management Inc.'s portfolio, making the stock its 13th largest position. Punch & Associates Investment Management Inc. owned 0.89% of Green Brick Partners worth $22,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elgethun Capital Management raised its position in 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 worth $350,000 after purchasing an additional 200 shares during the last quarter. American Century Companies Inc. increased 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 buying an additional 207 shares during the period. Kendall Capital Management increased 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 buying an additional 255 shares during the period. CWM LLC raised its position in shares of Green Brick Partners by 13.5% during the first 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 last quarter. Finally, Vestcor Inc lifted its stake in shares of Green Brick Partners by 4.6% during the first quarter. Vestcor Inc now owns 8,062 shares of the financial services provider's stock valued at $470,000 after acquiring an additional 356 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Trading Down 1.3%

Shares of Green Brick Partners stock traded down $0.99 during trading on Tuesday, reaching $73.83. 413,419 shares of the company were exchanged, compared to its average volume of 286,275. The business has a 50-day moving average price of $67.21 and a 200-day moving average price of $61.98. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.59 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 twelve month low of $50.57 and a twelve month high of $84.66.

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%.The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, COO Jed Dolson sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the completion of the transaction, the chief operating officer owned 273,605 shares in the company, valued at approximately $18,265,869.80. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.70% of the stock is owned by insiders.

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.