Swiss National Bank Decreases Stake in Green Brick Partners, Inc. $GRBK

Swiss National Bank decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,700 shares of the financial services provider’s stock after selling 900 shares during the period. Swiss National Bank owned 0.15% of Green Brick Partners worth $3,773,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of GRBK. The Manufacturers Life Insurance Company grew its position in shares of Green Brick Partners by 1,342.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider’s stock valued at $16,365,000 after acquiring an additional 269,615 shares during the period. Annex Advisory Services LLC grew its position in shares of Green Brick Partners by 72.8% during the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider’s stock valued at $27,403,000 after acquiring an additional 198,024 shares during the period. GAMMA Investing LLC grew its position in shares of Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider’s stock valued at $8,160,000 after acquiring an additional 138,190 shares during the period. Twinbeech Capital LP bought a new position in shares of Green Brick Partners during the 4th quarter valued at approximately $6,473,000. Finally, Voloridge Investment Management LLC grew its position in shares of Green Brick Partners by 65.3% during the 4th quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider’s stock valued at $10,936,000 after acquiring an additional 76,482 shares during the period. 78.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jed Dolson sold 20,000 shares of Green Brick Partners stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total value of $1,335,200.00. Following the completion of the transaction, the chief operating officer directly owned 273,605 shares in the company, valued at approximately $18,265,869.80. The trade was a 6.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.70% of the company’s stock.

Green Brick Partners Stock Down 2.9%

Green Brick Partners stock opened at $67.19 on Thursday. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 8.73 and a beta of 1.83. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $64.71 and a 200 day simple moving average of $60.88.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the business earned $2.32 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Green Brick Partners in a research report on Monday, June 30th. They set a “neutral” rating and a $62.00 target price for the company. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $66.00.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.