Russell Investments Group Ltd. Has $5.22 Million Holdings in Green Brick Partners, Inc. $GRBK

Key Points

• Russell Investments Group Ltd. increased its stake in Green Brick Partners by 8.6%, holding 89,478 shares valued at approximately $5.22 million.
• Green Brick Partners reported a net margin of 17.70% for the last quarter, with earnings per share (EPS) of $1.85, missing analyst expectations by $0.09.
• Institutional investors own 78.24% of Green Brick Partners' stock, reflecting significant confidence from large financial institutions.

Russell Investments Group Ltd. raised its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,478 shares of the financial services provider's stock after acquiring an additional 7,089 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Green Brick Partners worth $5,217,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 645 shares during the last quarter. Byrne Asset Management LLC lifted its stake in 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 acquiring an additional 730 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 646 shares during the last quarter. Covestor Ltd lifted its stake in 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 acquiring an additional 873 shares during the last quarter. Finally, CWM LLC lifted its stake in Green Brick Partners by 13.5% in the first quarter. CWM LLC now owns 2,958 shares of the financial services provider's stock valued at $172,000 after acquiring an additional 352 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were 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. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 29.70% of the company's stock.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded down $0.79 on Monday, reaching $70.25. The stock had a trading volume of 174,735 shares, compared to its average volume of 290,840. The business's 50-day moving average price is $65.06 and its two-hundred day moving average price is $61.04. 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 fifty-two week low of $50.57 and a fifty-two week high of $84.66. The stock has a market cap of $3.06 billion, a P/E ratio of 9.12 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data 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 firm earned $2.32 earnings per share. Green Brick Partners's revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.