Russell Investments Group Ltd. Purchases 7,089 Shares of 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. boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,478 shares of the financial services provider's stock after buying an additional 7,089 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Green Brick Partners worth $5,217,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRBK. The Manufacturers Life Insurance Company raised its position in Green Brick Partners by 1,342.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock valued at $16,365,000 after buying an additional 269,615 shares during the last quarter. Annex Advisory Services LLC increased its position in shares of Green Brick Partners by 72.8% during the 1st 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 last quarter. GAMMA Investing LLC increased its position in shares of Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after purchasing an additional 138,190 shares during the last quarter. Twinbeech Capital LP acquired a new position in shares of Green Brick Partners during the 4th quarter worth approximately $6,473,000. Finally, Voloridge Investment Management LLC increased its position in shares of Green Brick Partners by 65.3% during the 4th quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider's stock worth $10,936,000 after purchasing an additional 76,482 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded up $0.06 during midday trading on Wednesday, hitting $69.68. 127,329 shares of the company's stock were exchanged, compared to its average volume of 289,111. 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 12 month low of $50.57 and a 12 month high of $84.66. The company's 50 day moving average price is $65.68 and its 200 day moving average price is $61.24. The firm has a market capitalization of $3.04 billion, a PE ratio of 9.05 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 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 in the prior year, the company earned $2.32 EPS. The company's revenue was down 2.1% on a year-over-year basis. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 20,000 shares of Green Brick Partners stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 directly owned 273,605 shares in the company, valued at approximately $18,265,869.80. The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 29.70% of the company's stock.

Analyst Ratings Changes

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

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.