Quantbot Technologies LP Sells 10,604 Shares of Green Brick Partners, Inc. $GRBK

Key Points

• Quantbot Technologies LP decreased its stake in Green Brick Partners by 32.6%, selling 10,604 shares to end with 21,909 shares valued at approximately $1.28 million.
• COO Jed Dolson sold 15,000 shares at an average price of $68.76, reducing his ownership by 5.48% as part of recent insider trading activities.
• Green Brick Partners reported $1.85 earnings per share (EPS) in its latest financial results, missing estimates and reflecting a 2.1% decline in quarterly revenue compared to the previous year.

Quantbot Technologies LP reduced its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,909 shares of the financial services provider's stock after selling 10,604 shares during the quarter. Quantbot Technologies LP's holdings in Green Brick Partners were worth $1,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Green Brick Partners by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock worth $31,932,000 after purchasing an additional 36,239 shares during the period. Annex Advisory Services LLC lifted its position in Green Brick Partners by 72.8% in 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. Charles Schwab Investment Management Inc. lifted its position in Green Brick Partners by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock worth $25,581,000 after purchasing an additional 41,083 shares during the period. Northern Trust Corp raised its stake in Green Brick Partners by 6.1% during the fourth quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock worth $19,526,000 after acquiring an additional 19,752 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in Green Brick Partners by 2.4% during the first quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider's stock worth $19,492,000 after acquiring an additional 7,967 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $17,781,679.80. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 29.70% of the company's stock.

Analysts Set New Price Targets

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

Green Brick Partners Stock Performance

Green Brick Partners stock opened at $71.0650 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The stock has a fifty day moving average price of $65.06 and a two-hundred day moving average price of $61.02. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.23 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released 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 business earned $2.32 EPS. Green Brick Partners's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

About Green Brick Partners

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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