Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 99.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,094 shares of the financial services provider's stock after acquiring an additional 59,971 shares during the period. Russell Investments Group Ltd. owned about 0.26% of Green Brick Partners worth $6,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of Green Brick Partners by 5,000.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,000 shares during the last quarter. GAMMA Investing LLC bought a new position in Green Brick Partners during the 4th quarter valued at about $60,000. Planned Solutions Inc. bought a new position in Green Brick Partners during the 4th quarter valued at about $123,000. Optimum Investment Advisors boosted its holdings in shares of 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 acquiring an additional 1,950 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of 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 acquiring an additional 1,500 shares during the period. 78.24% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Richard Arthur Costello sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly 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 accessible through this hyperlink. In other news, Director Richard S. Press bought 1,000 shares of the stock in a transaction dated 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 transaction, the director now owns 88,063 shares of the company's stock, valued at $4,565,185.92. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Richard Arthur Costello sold 40,000 shares of the business's stock in a transaction on Monday, May 6th. The stock was 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 in the company, valued at approximately $2,958,625.32. The disclosure for this sale can be found here. Insiders have purchased a total of 3,474 shares of company stock worth $188,917 over the last quarter. Insiders own 44.40% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ GRBK traded up $0.13 on Thursday, reaching $55.84. 324,636 shares of the stock were exchanged, compared to its average volume of 338,983. 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, Inc. has a one year low of $37.31 and a one year high of $61.62. The firm has a market capitalization of $2.51 billion, a PE ratio of 8.47 and a beta of 1.73. The company's 50-day simple moving average is $55.72 and its two-hundred day simple moving average is $51.83.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GRBK. B. Riley raised their target price on shares of Green Brick Partners from $59.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, May 3rd. 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. Finally, StockNews.com downgraded Green Brick Partners from a "buy" rating to a "hold" rating in a report on Sunday, March 17th.

Green Brick Partners 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.