SG Americas Securities LLC Trims Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

SG Americas Securities LLC lowered its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK – Get Rating) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,847 shares of the financial services provider’s stock after selling 10,964 shares during the quarter. SG Americas Securities LLC’s holdings in Green Brick Partners were worth $166,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Paragon Wealth Strategies LLC purchased a new stake in shares of Green Brick Partners during the third quarter worth about $28,000. Wipfli Financial Advisors LLC purchased a new position in Green Brick Partners during the third quarter valued at $42,000. KBC Group NV purchased a new position in Green Brick Partners during the third quarter valued at $46,000. Lazard Asset Management LLC purchased a new position in Green Brick Partners during the first quarter valued at $51,000. Finally, Covestor Ltd grew its stake in Green Brick Partners by 1,175.2% during the first quarter. Covestor Ltd now owns 2,882 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 2,656 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Analysts Set New Price Targets

GRBK has been the subject of several research analyst reports. B. Riley upgraded Green Brick Partners from a “neutral” rating to a “buy” rating in a report on Thursday, May 4th. StockNews.com initiated coverage on Green Brick Partners in a report on Thursday, March 16th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Green Brick Partners presently has a consensus rating of “Hold” and a consensus price target of $27.50.

Insiders Place Their Bets

In other Green Brick Partners news, CFO Richard Arthur Costello sold 10,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $49.51, for a total value of $495,100.00. Following the completion of the sale, the chief financial officer now directly owns 86,049 shares in the company, valued at approximately $4,260,285.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Richard Arthur Costello sold 10,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $49.51, for a total value of $495,100.00. Following the completion of the transaction, the chief financial officer now directly owns 86,049 shares of the company’s stock, valued at approximately $4,260,285.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard S. Press sold 20,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $49.60, for a total value of $992,000.00. Following the sale, the director now owns 79,662 shares of the company’s stock, valued at $3,951,235.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,000 shares of company stock worth $2,738,850. 41.50% of the stock is currently owned by company insiders.

Green Brick Partners Price Performance

GRBK opened at $50.26 on Friday. The business has a fifty day moving average of $36.59 and a 200 day moving average of $30.10. Green Brick Partners, Inc. has a 52-week low of $16.80 and a 52-week high of $53.72. The company has a quick ratio of 1.33, a current ratio of 7.85 and a debt-to-equity ratio of 0.31. The stock has a market cap of $2.29 billion, a P/E ratio of 8.11 and a beta of 1.60.

Green Brick Partners (NASDAQ:GRBK – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.01). The company had revenue of $431.09 million during the quarter, compared to analysts’ expectations of $372.88 million. Green Brick Partners had a net margin of 16.22% and a return on equity of 29.35%. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 5.01 EPS for the current year.

About Green Brick Partners

(Get Rating)

Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.