6,022 Shares in Green Brick Partners, Inc. $GRBK Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired a new position in Green Brick Partners, purchasing 6,022 shares valued at approximately $351,000 during the 1st quarter.
• Institutional investors hold 78.24% of Green Brick Partners, with significant increases in positions from firms like GAMMA Investing LLC and The Manufacturers Life Insurance Company during the same quarter.
• Green Brick Partners' stock has a current market capitalization of $3.28 billion, with a PE ratio of 9.78, and reported quarterly earnings per share of $1.85, missing analyst expectations.

SCS Capital Management LLC acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,022 shares of the financial services provider's stock, valued at approximately $351,000.

Several other institutional investors have also bought and sold shares of GRBK. Annex Advisory Services LLC lifted its position in shares of Green Brick Partners by 72.8% during the first quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock worth $27,403,000 after acquiring an additional 198,024 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Green Brick Partners by 56.7% in the first quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider's stock worth $26,471,000 after buying an additional 164,273 shares during the period. GAMMA Investing LLC increased its holdings in shares of Green Brick Partners by 7,878.6% in the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after buying an additional 138,190 shares during the period. Granahan Investment Management LLC purchased a new position in Green Brick Partners during the 1st quarter valued at about $6,695,000. Finally, Twinbeech Capital LP purchased a new position in Green Brick Partners during the 4th quarter valued at about $6,473,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Up 0.8%

Green Brick Partners stock traded up $0.61 during trading hours on Wednesday, hitting $72.76. 37,242 shares of the stock traded hands, compared to its average volume of 282,805. The firm's 50-day moving average price is $68.10 and its two-hundred day moving average price is $62.48. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.17 billion, a PE ratio of 9.45 and a beta of 1.89. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 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%.During the same period in the prior year, the firm earned $2.32 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer directly owned 258,605 shares of the company's stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 29.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Green Brick Partners in a 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 company currently has a consensus rating of "Hold" and an average target price 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.