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

Russell Investments Group Ltd. boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 99.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,094 shares of the financial services provider’s stock after purchasing an additional 59,971 shares during the period. Russell Investments Group Ltd.’s holdings in Green Brick Partners were worth $6,238,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GRBK. Raymond James & Associates increased its holdings in shares of Green Brick Partners by 13.3% in the third quarter. Raymond James & Associates now owns 15,425 shares of the financial services provider’s stock valued at $640,000 after buying an additional 1,816 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Green Brick Partners by 81.2% during the third quarter. Stratos Wealth Partners LTD. now owns 12,972 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 5,815 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Green Brick Partners by 305.0% in the 3rd quarter. Inspire Investing LLC now owns 22,424 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 16,887 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Green Brick Partners by 1,554.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,877 shares of the financial services provider’s stock worth $1,614,000 after purchasing an additional 36,527 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Green Brick Partners by 2.2% during the 3rd quarter. Jennison Associates LLC now owns 17,882 shares of the financial services provider’s stock worth $742,000 after buying an additional 381 shares during the period. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK opened at $55.74 on Thursday. The company’s 50 day moving average price is $55.78 and its 200 day moving average price is $51.81. 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 capitalization of $2.50 billion, a PE ratio of 8.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. Green Brick Partners had a net margin of 17.13% and a return on equity of 24.40%. The firm 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 firm posted $1.37 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Research analysts expect that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity at Green Brick Partners

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard S. Press bought 1,474 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $57,440. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,474 shares of company stock valued at $188,917. Corporate insiders own 44.40% of the company’s stock.

Analysts Set New Price Targets

GRBK has been the subject of several recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $49.00 target price on shares of Green Brick Partners in a report on Thursday, May 2nd. B. Riley raised their price objective on shares of Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, StockNews.com downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a research note 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.