Green Brick Partners (NASDAQ:GRBK) COO Sells $1,335,200.00 in Stock

Key Points

• Green Brick Partners COO Jed Dolson sold 20,000 shares of the company's stock for a total of $1,335,200, leading to a 6.81% decrease in his ownership stake.
• The company's stock is presently trading at $70.29, with a market capitalization of $3.06 billion and a price-to-earnings ratio of 9.13.
• Green Brick Partners recently reported earnings of $1.85 per share, missing analyst estimates by $0.09, with revenues down by 2.1% year-over-year.

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) COO Jed Dolson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total value of $1,335,200.00. Following the transaction, the chief operating officer 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 SEC, which is available at the SEC website.

Jed Dolson also recently made the following trade(s):

• On Wednesday, August 13th, Jed Dolson sold 15,000 shares of Green Brick Partners stock. The shares were sold at an average price of $68.76, for a total transaction of $1,031,400.00.

Green Brick Partners Stock Up 0.5%

NASDAQ GRBK traded up $0.34 on Tuesday, hitting $69.15. 198,038 shares of the company were exchanged, compared to its average volume of 292,436. 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 $3.01 billion, a PE ratio of 8.98 and a beta of 1.83. The stock has a fifty day moving average of $64.58 and a 200-day moving average of $60.83. 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 announced 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%. Green Brick Partners's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. As a group, analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new position in Green Brick Partners in the second quarter valued at approximately $31,000. SBI Securities Co. Ltd. raised its stake in shares of Green Brick Partners by 40.9% in the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider's stock valued at $37,000 after buying an additional 172 shares during the period. Sterling Capital Management LLC lifted its position in shares of Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Green Brick Partners during the 1st quarter worth $46,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Green Brick Partners during the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.