Insider Selling: Green Brick Partners (NASDAQ:GRBK) COO Sells 15,000 Shares of Stock

Key Points

• Jed Dolson, the COO of Green Brick Partners, sold 15,000 shares of the company's stock for approximately $1.03 million, reducing his ownership by 5.48%.
• Green Brick Partners reported a quarterly earnings per share of $1.85, missing analyst estimates, with a revenue decrease of 2.1% compared to the same quarter last year.
• Institutional investors and hedge funds own 78.24% of Green Brick Partners’ stock, with recent activity reflecting increasing stakes from several investment firms.

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) COO Jed Dolson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the completion of the sale, the chief operating officer directly owned 258,605 shares in the company, valued at approximately $17,781,679.80. This represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, August 12th, Jed Dolson sold 20,000 shares of Green Brick Partners stock. The stock was sold at an average price of $66.76, for a total transaction of $1,335,200.00.

Green Brick Partners Stock Up 0.5%

NASDAQ:GRBK traded up $0.34 during trading hours on Tuesday, hitting $69.15. The company's stock had a trading volume of 198,038 shares, compared to its average volume of 292,436. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. 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 stock has a market capitalization of $3.01 billion, a P/E 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 (NASDAQ:GRBK - Get Free Report) last issued its earnings results 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 return on equity of 25.35% and a net margin of 17.70%.The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business posted $2.32 EPS. On average, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Hedge Funds Weigh In On Green Brick Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ranger Investment Management L.P. raised its stake in Green Brick Partners by 7.3% during the 2nd quarter. Ranger Investment Management L.P. now owns 58,215 shares of the financial services provider's stock valued at $3,661,000 after acquiring an additional 3,975 shares during the last quarter. State of Wyoming acquired a new position in shares of Green Brick Partners in the second quarter valued at approximately $1,317,000. Public Sector Pension Investment Board raised its stake in shares of Green Brick Partners by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 103,304 shares of the financial services provider's stock worth $6,496,000 after purchasing an additional 5,887 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Green Brick Partners by 382.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,105 shares of the financial services provider's stock worth $195,000 after purchasing an additional 2,462 shares during the period. Finally, Corient Private Wealth LLC purchased a new position in Green Brick Partners in the 2nd quarter valued at $1,033,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

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