GAMMA Investing LLC Buys 340 Shares of Green Brick Partners, Inc. $GRBK

GAMMA Investing LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,740 shares of the financial services provider’s stock after purchasing an additional 340 shares during the period. GAMMA Investing LLC’s holdings in Green Brick Partners were worth $172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GRBK. Annex Advisory Services LLC raised 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 last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Green Brick Partners by 56.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider’s stock valued at $26,471,000 after buying an additional 164,273 shares during the period. Granahan Investment Management LLC acquired a new position in shares of Green Brick Partners in the 1st quarter valued at $6,695,000. Nuveen LLC acquired a new position in shares of Green Brick Partners in the 1st quarter valued at $4,333,000. Finally, First Sabrepoint Capital Management LP grew its holdings in shares of Green Brick Partners by 32.9% in the 1st quarter. First Sabrepoint Capital Management LP now owns 179,478 shares of the financial services provider’s stock valued at $10,465,000 after buying an additional 44,478 shares during the period. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Price Performance

Shares of NASDAQ GRBK opened at $73.35 on Tuesday. The firm has a market cap of $3.20 billion, a PE ratio of 9.53 and a beta of 1.89. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The company has a fifty day moving average price of $69.19 and a 200 day moving average price of $63.21.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter in the prior year, the firm earned $2.32 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. Research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Green Brick Partners news, COO Jed Dolson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the sale, the chief operating officer directly owned 258,605 shares of the company’s stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 29.70% of the stock is owned by company insiders.

Green Brick Partners Company Profile

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.