SCS Capital Management LLC Takes $351,000 Position in Green Brick Partners, Inc. $GRBK

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 purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 6,022 shares of the financial services provider's stock, valued at approximately $351,000.

Several other institutional investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Green Brick Partners during the first quarter valued at approximately $46,000. Byrne Asset Management LLC grew its holdings in shares of Green Brick Partners by 50.7% during the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock worth $127,000 after buying an additional 730 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock worth $140,000 after buying an additional 646 shares in the last quarter. Covestor Ltd grew its stake in Green Brick Partners by 55.1% during the 1st 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 in the last quarter. Finally, CWM LLC raised its holdings in Green Brick Partners by 13.5% in the 1st 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.

Analyst Ratings Changes

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

Green Brick Partners Trading Down 2.1%

Green Brick Partners stock traded down $1.59 during midday trading on Friday, hitting $73.66. 177,300 shares of the stock were exchanged, compared to its average volume of 285,166. 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 stock's 50-day simple moving average is $67.74 and its 200 day simple moving average is $62.32. 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 capitalization of $3.21 billion, a price-to-earnings ratio of 9.57 and a beta of 1.89.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. On average, equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of Green Brick Partners 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 sale, the chief operating officer owned 258,605 shares in the company, valued at $17,781,679.80. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.70% of the stock is currently owned by company insiders.

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.