Shariaportfolio Inc. Boosts Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Shariaportfolio Inc. increased its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBKFree Report) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,435 shares of the financial services provider’s stock after acquiring an additional 1,327 shares during the quarter. Shariaportfolio Inc.’s holdings in Green Brick Partners were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GRBK. Nisa Investment Advisors LLC increased its stake in 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 valued at $53,000 after purchasing an additional 1,000 shares during the period. Arizona State Retirement System increased its position in Green Brick Partners by 14.2% in the 4th quarter. Arizona State Retirement System now owns 8,881 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 1,107 shares during the period. Jennison Associates LLC increased its position in Green Brick Partners by 6.4% in the 4th quarter. Jennison Associates LLC now owns 19,030 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 1,148 shares during the period. GAMMA Investing LLC purchased a new stake in Green Brick Partners during the 4th quarter valued at approximately $60,000. Finally, WINTON GROUP Ltd lifted its position in Green Brick Partners by 21.5% during the 3rd quarter. WINTON GROUP Ltd now owns 8,181 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 1,447 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Richard S. Press acquired 1,474 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $57.44 per share, with a total value of $84,666.56. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $57,440. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard S. Press bought 1,474 shares of the company’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $57,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chief financial officer now directly owns 52,116 shares in the company, valued at approximately $2,958,625.32. The disclosure for this sale can be found here. Insiders own 44.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GRBK shares. Wedbush restated a “neutral” rating and set a $49.00 price target on shares of Green Brick Partners in a research note on Thursday, May 2nd. StockNews.com downgraded shares of 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 shares of Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, May 3rd.

Check Out Our Latest Analysis on GRBK

Green Brick Partners Stock Performance

Shares of GRBK stock traded up $2.91 during trading hours on Wednesday, reaching $56.72. 579,522 shares of the company’s stock were exchanged, compared to its average volume of 350,790. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.16. The company’s 50 day moving average is $55.38 and its two-hundred day moving average is $53.83. The company has a market cap of $2.55 billion, a P/E ratio of 8.73 and a beta of 1.74. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $61.62.

Green Brick Partners (NASDAQ:GRBKGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.31. The firm had revenue of $447.34 million for 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share. Equities research analysts anticipate that Green Brick Partners, Inc. will post 7.46 EPS for the current fiscal year.

Green Brick Partners Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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