Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC cut its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 39.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,668 shares of the financial services provider’s stock after selling 43,608 shares during the period. Granahan Investment Management LLC owned about 0.15% of Green Brick Partners worth $2,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GRBK. JPMorgan Chase & Co. raised its stake in Green Brick Partners by 213.9% in the first quarter. JPMorgan Chase & Co. now owns 45,764 shares of the financial services provider’s stock valued at $905,000 after buying an additional 31,184 shares in the last quarter. HighTower Advisors LLC raised its stake in Green Brick Partners by 4.7% in the first quarter. HighTower Advisors LLC now owns 55,192 shares of the financial services provider’s stock valued at $1,088,000 after buying an additional 2,482 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Green Brick Partners in the first quarter valued at $889,000. MetLife Investment Management LLC grew its holdings in shares of Green Brick Partners by 57.5% during the first quarter. MetLife Investment Management LLC now owns 15,773 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 5,757 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Green Brick Partners by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,648,597 shares of the financial services provider’s stock worth $32,578,000 after purchasing an additional 9,235 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Green Brick Partners

In related news, Director David Einhorn sold 850,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $45.63, for a total value of $38,785,500.00. Following the completion of the sale, the director now owns 8,767,648 shares in the company, valued at $400,067,778.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 44.40% of the stock is owned by insiders.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $45.61 on Monday. The company has a quick ratio of 1.11, a current ratio of 7.66 and a debt-to-equity ratio of 0.29. Green Brick Partners, Inc. has a 52-week low of $19.52 and a 52-week high of $59.30. The business’s 50-day moving average price is $52.21 and its 200 day moving average price is $45.83. The firm has a market cap of $2.07 billion, a P/E ratio of 7.93 and a beta of 1.62.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.36. The firm had revenue of $456.29 million during the quarter, compared to the consensus estimate of $439.78 million. Green Brick Partners had a net margin of 15.37% and a return on equity of 25.33%. On average, equities research analysts expect that Green Brick Partners, Inc. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GRBK shares. Wedbush reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Green Brick Partners in a report on Thursday, August 3rd. StockNews.com started coverage on Green Brick Partners in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, B. Riley lowered Green Brick Partners from a “buy” rating to a “neutral” rating in a report on Monday, June 26th. They noted that the move was a valuation call.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida and has a non-controlling interest in a Colorado homebuilder, Challenger Homes, located in Colorado Springs. 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.