Insider Buying: Green Brick Partners, Inc. (NASDAQ:GRBK) Director Purchases 1,474 Shares of Stock

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report) Director Richard S. Press purchased 1,474 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $57.44 per share, with a total value of $84,666.56. Following the completion of the purchase, the director now directly owns 1,000 shares of the company's stock, valued at approximately $57,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Green Brick Partners Stock Performance

Shares of GRBK traded down $0.43 during midday trading on Wednesday, hitting $55.74. 476,498 shares of the stock traded hands, compared to its average volume of 338,985. The business's 50 day moving average price is $55.80 and its two-hundred day moving average price is $51.78. The firm has a market capitalization of $2.50 billion, a PE ratio of 8.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70. Green Brick Partners, Inc. has a 1-year low of $37.31 and a 1-year high of $61.62.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.31. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The firm had revenue of $447.34 million during the quarter, compared to analyst estimates of $440.44 million. During the same period in the previous year, the business posted $1.37 EPS. Green Brick Partners's revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Analyst Ratings Changes

GRBK has been the subject of a number of research reports. Wedbush reaffirmed a "neutral" rating and issued a $49.00 price objective on shares of Green Brick Partners in a report on Thursday, May 2nd. StockNews.com downgraded Green Brick Partners from a "buy" rating to a "hold" rating in a research note on Sunday, March 17th. Finally, B. Riley increased their price target on Green Brick Partners from $59.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd.

Hedge Funds Weigh In On Green Brick Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its stake in shares of Green Brick Partners by 76.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider's stock worth $65,103,000 after acquiring an additional 543,450 shares during the period. Vanguard Group Inc. increased its position in shares of Green Brick Partners by 11.0% during the 4th quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider's stock valued at $124,855,000 after purchasing an additional 237,463 shares during the period. American Century Companies Inc. raised its stake in shares of Green Brick Partners by 30.7% in the 3rd quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider's stock worth $17,553,000 after buying an additional 99,240 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Green Brick Partners by 155.2% in the third quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider's stock valued at $6,616,000 after buying an additional 96,923 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in Green Brick Partners by 123.1% during the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider's stock valued at $6,197,000 after buying an additional 82,384 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc NYSE: GRBK, the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.