Vident Advisory LLC Makes New $210,000 Investment in Green Brick Partners, Inc. $GRBK

Key Points

• Vident Advisory LLC made a new investment of approximately $210,000 in Green Brick Partners, acquiring 3,609 shares of the company.
• Several other hedge funds also adjusted their positions in Green Brick Partners, with 78.24% of the stock now owned by institutional investors.
• Green Brick Partners reported a miss in earnings per share for the last quarter, with a reported $1.85 compared to analysts' expectations of $1.94.

Vident Advisory LLC purchased a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,609 shares of the financial services provider's stock, valued at approximately $210,000.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in Green Brick Partners by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 170,135 shares of the financial services provider's stock valued at $9,921,000 after purchasing an additional 5,375 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Green Brick Partners during the 1st quarter worth about $371,000. GAMMA Investing LLC raised its position in shares of Green Brick Partners by 7,878.6% during the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock valued at $8,160,000 after buying an additional 138,190 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Green Brick Partners by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider's stock valued at $25,581,000 after buying an additional 41,083 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake 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 valued at $26,471,000 after buying an additional 164,273 shares during the period. 78.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Green Brick Partners Stock Performance

Shares of NASDAQ:GRBK opened at $72.82 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The business's fifty day moving average price is $67.35 and its two-hundred day moving average price is $62.05. 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 $3.17 billion, a price-to-earnings ratio of 9.46 and a beta of 1.89.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period in the prior year, the firm earned $2.32 EPS. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Insider Transactions at Green Brick Partners

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total value of $1,335,200.00. Following the transaction, the chief operating officer directly owned 273,605 shares in the company, valued at $18,265,869.80. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.70% of the stock is owned by corporate 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.

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