Jed Dolson Sells 15,000 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) 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 company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total value of $1,031,400.00. Following the completion of the transaction, the chief operating officer owned 258,605 shares of the company's stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 shares were sold at an average price of $66.76, for a total value of $1,335,200.00.

Green Brick Partners Trading Down 0.9%

Shares of NASDAQ:GRBK traded down $0.67 during trading on Thursday, reaching $70.29. 296,936 shares of the stock were exchanged, compared to its average volume of 293,915. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 9.13 and a beta of 1.83. The firm's 50-day moving average price is $63.84 and its 200 day moving average price is $60.62.

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%. During the same period in the previous year, the company posted $2.32 earnings per share. Green Brick Partners's quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Green Brick Partners in a research note on Monday, June 30th. They issued a "neutral" rating and a $62.00 target price for the company.

Institutional Investors Weigh In On Green Brick Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in Green Brick Partners during the second quarter valued at approximately $31,000. SBI Securities Co. Ltd. raised its stake in 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 buying an additional 172 shares in the last quarter. Sterling Capital Management LLC raised its stake in 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 buying an additional 645 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Green Brick Partners during the first quarter valued at approximately $46,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Green Brick Partners during the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

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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