Vident Advisory LLC Takes $210,000 Position 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 bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,609 shares of the financial services provider's stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of GRBK. The Manufacturers Life Insurance Company lifted its holdings in shares of Green Brick Partners by 56.7% during 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 purchasing an additional 164,273 shares during the period. Aristides Capital LLC acquired a new stake in shares of Green Brick Partners in the 1st quarter worth $281,000. Rafferty Asset Management LLC boosted its holdings in shares of Green Brick Partners by 5.3% in the first quarter. Rafferty Asset Management LLC now owns 21,853 shares of the financial services provider's stock valued at $1,274,000 after acquiring an additional 1,092 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Green Brick Partners in the first quarter valued at about $560,000. Finally, AlphaQuest LLC increased its stake in shares of Green Brick Partners by 147.8% during the first quarter. AlphaQuest LLC now owns 11,947 shares of the financial services provider's stock worth $697,000 after acquiring an additional 7,125 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of Green Brick Partners in a research report 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, According to data from MarketBeat, Green Brick Partners presently has an average rating of "Hold" and an average price target of $66.00.

Insider Activity

In related news, COO Jed Dolson sold 20,000 shares of the 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 sale, the chief operating officer directly owned 273,605 shares of the company's stock, valued at approximately $18,265,869.80. This represents a 6.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.70% of the stock is owned by company insiders.

Green Brick Partners Price Performance

Shares of GRBK stock traded down $0.81 during midday trading on Tuesday, reaching $72.24. 214,078 shares of the company traded hands, compared to its average volume of 284,225. The firm's 50 day simple moving average is $68.10 and its two-hundred day simple moving average is $62.48. The firm has a market cap of $3.15 billion, a PE ratio of 9.38 and a beta of 1.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings data 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 for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 earnings per share. On average, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

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.