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 stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GRBK. Envestnet Asset Management Inc. grew its position in shares of Green Brick Partners by 48.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,469 shares of the financial services provider's stock worth $704,000 after buying an additional 4,049 shares during the period. Bank of Montreal Can grew its position in shares of Green Brick Partners by 8.3% in the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock worth $228,000 after buying an additional 310 shares during the period. Sterling Capital Management LLC grew its position in shares of Green Brick Partners by 758.8% in the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock worth $41,000 after buying an additional 645 shares during the period. Barclays PLC grew its position in shares of Green Brick Partners by 2.2% in the 4th quarter. Barclays PLC now owns 58,682 shares of the financial services provider's stock worth $3,316,000 after buying an additional 1,250 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Green Brick Partners by 69.3% in the 4th quarter. Marshall Wace LLP now owns 17,051 shares of the financial services provider's stock worth $963,000 after buying an additional 6,981 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Stock Down 0.8%

Green Brick Partners stock traded down $0.57 during mid-day trading on Thursday, reaching $69.08. The stock had a trading volume of 27,849 shares, compared to its average volume of 287,502. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 8.97 and a beta of 1.83. The company has a 50-day moving average price of $65.68 and a two-hundred day moving average price of $61.24. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

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%.The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 earnings per share. On average, analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer owned 273,605 shares in the company, valued at approximately $18,265,869.80. This represents a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.70% of the company's stock.

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.