Versor Investments LP Takes $274,000 Position in Green Brick Partners, Inc. $GRBK

Key Points

• Versor Investments LP has acquired 4,707 shares of Green Brick Partners, Inc. valued at approximately $274,000, indicating growing institutional interest in the company.
• Several institutional investors have increased their positions in Green Brick Partners, with notable increases such as Sterling Capital Management raising its holdings by 758.8% in Q4 and other firms growing their stakes during Q1.
• Green Brick Partners reported earnings per share (EPS) of $1.85 for the last quarter, missing analysts' expectations, and projects an EPS of 8.34 for the current year according to forecasts.

Versor Investments LP purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,707 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other large investors also recently bought and sold shares of GRBK. Price T Rowe Associates Inc. MD increased its position in shares of Green Brick Partners by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock valued at $31,932,000 after buying an additional 36,239 shares in 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. Charles Schwab Investment Management Inc. grew its position in Green Brick Partners by 10.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock valued at $25,581,000 after acquiring an additional 41,083 shares in the last quarter. Northern Trust Corp grew its position in Green Brick Partners by 6.1% in the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock valued at $19,526,000 after acquiring an additional 19,752 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Green Brick Partners by 2.4% in the 1st quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider's stock valued at $19,492,000 after buying an additional 7,967 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Green Brick Partners

In related news, COO Jed Dolson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the sale, the chief operating officer directly owned 258,605 shares in the company, valued at $17,781,679.80. This represents a 5.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 29.70% of the company's stock.

Green Brick Partners Stock Up 0.1%

NASDAQ:GRBK traded up $0.05 on Wednesday, reaching $69.67. The stock had a trading volume of 19,001 shares, compared to its average volume of 288,435. 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 50-day moving average of $65.48 and a 200 day moving average of $61.18. The stock has a market cap of $3.04 billion, a P/E ratio of 9.04 and a beta of 1.83. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66.

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 last year, the business posted $2.32 earnings per share. The company's revenue for the quarter was down 2.1% on a year-over-year basis. On average, research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Green Brick Partners 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.