Green Brick Partners, Inc. (NASDAQ:GRBK) COO Jed Dolson Sells 20,000 Shares

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 business's stock in a transaction that occurred on 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. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $1,031,400.00.

Green Brick Partners Stock Down 1.4%

Shares of GRBK stock traded down $0.98 during mid-day trading on Friday, reaching $69.36. 279,146 shares of the company's stock traded hands, compared to its average volume of 293,821. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company's 50-day moving average price is $64.27 and its 200-day moving average price is $60.73. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The company has a market cap of $3.02 billion, a P/E ratio of 9.01 and a beta of 1.83.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released 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 in the prior year, the company earned $2.32 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. On average, equities analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 price objective for the company.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds have recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. bought a new position in shares of Green Brick Partners during the second quarter valued at $31,000. SBI Securities Co. Ltd. lifted its holdings in shares of Green Brick Partners by 40.9% during the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 172 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Green Brick Partners by 758.8% during the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 645 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Green Brick Partners during the first quarter valued at $46,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Green Brick Partners during the second quarter valued at $53,000. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Company 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.