VIRGINIA RETIREMENT SYSTEMS ET Al Invests $204,000 in Green Brick Partners, Inc. $GRBK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,242 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other institutional investors have also made changes to their positions in the business. Annex Advisory Services LLC increased its holdings in shares of Green Brick Partners by 16.3% during the 2nd quarter. Annex Advisory Services LLC now owns 546,427 shares of the financial services provider’s stock worth $34,359,000 after acquiring an additional 76,472 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Green Brick Partners by 56.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider’s stock worth $26,471,000 after acquiring an additional 164,273 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Green Brick Partners by 10.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock worth $25,581,000 after acquiring an additional 41,083 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of Green Brick Partners by 1.9% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 389,910 shares of the financial services provider’s stock worth $22,736,000 after acquiring an additional 7,254 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of Green Brick Partners by 2.4% during the 1st quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider’s stock worth $19,492,000 after buying an additional 7,967 shares during the period. 78.24% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $68.06 on Monday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 8.84 and a beta of 1.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The company has a 50-day simple moving average of $70.38 and a 200 day simple moving average of $64.75. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $77.93.

Green Brick Partners (NASDAQ:GRBK) last announced its 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%.The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.32 EPS. On average, sell-side analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at Green Brick Partners

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 value of $1,031,400.00. Following the completion of the sale, the chief operating officer 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 29.70% of the stock is owned by corporate 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.