Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Summit Global Investments

Summit Global Investments lowered its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 62.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,457 shares of the financial services provider's stock after selling 14,266 shares during the period. Summit Global Investments' holdings in Green Brick Partners were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in Green Brick Partners by 5,000.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider's stock worth $53,000 after buying an additional 1,000 shares in the last quarter. GAMMA Investing LLC bought a new stake in Green Brick Partners during the fourth quarter worth approximately $60,000. Planned Solutions Inc. purchased a new position in shares of Green Brick Partners in the 4th quarter worth approximately $123,000. Optimum Investment Advisors raised its holdings in Green Brick Partners by 433.3% during the 4th quarter. Optimum Investment Advisors now owns 2,400 shares of the financial services provider's stock valued at $125,000 after buying an additional 1,950 shares during the period. Finally, Whittier Trust Co. lifted its position in Green Brick Partners by 148.8% in the fourth quarter. Whittier Trust Co. now owns 2,508 shares of the financial services provider's stock worth $130,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Trading Down 0.4 %

Shares of Green Brick Partners stock traded down $0.23 on Monday, hitting $56.41. 456,254 shares of the company traded hands, compared to its average volume of 337,710. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $61.62. The company has a market cap of $2.53 billion, a PE ratio of 8.56 and a beta of 1.73. The stock's 50 day moving average price is $55.84 and its 200-day moving average price is $51.53. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23.

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

Insider Activity

In related news, Director Richard S. Press bought 1,000 shares of the stock in a transaction on Monday, March 11th. The stock was bought at an average price of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the acquisition, the director now directly owns 88,063 shares in the company, valued at $4,565,185.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chief financial officer now owns 52,116 shares of the company's stock, valued at $2,958,625.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard S. Press purchased 1,000 shares of the business's stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the acquisition, the director now directly owns 88,063 shares of the company's stock, valued at approximately $4,565,185.92. The disclosure for this purchase can be found here. Company insiders own 44.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GRBK. Wedbush reiterated a "neutral" rating and set a $49.00 price target on shares of Green Brick Partners in a report on Thursday. StockNews.com downgraded Green Brick Partners from a "buy" rating to a "hold" rating in a research report on Sunday, March 17th. Finally, B. Riley lifted their target price on Green Brick Partners from $59.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday.

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.