Mutual of America Capital Management LLC Sells 579 Shares of Green Brick Partners, Inc. $GRBK

Mutual of America Capital Management LLC trimmed its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,893 shares of the financial services provider’s stock after selling 579 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Green Brick Partners were worth $245,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Annex Advisory Services LLC lifted its position in shares of Green Brick Partners by 16.3% in the second quarter. Annex Advisory Services LLC now owns 546,427 shares of the financial services provider’s stock valued at $34,359,000 after buying an additional 76,472 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Green Brick Partners by 56.7% in the first 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Green Brick Partners by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock valued at $25,581,000 after buying an additional 41,083 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Green Brick Partners by 1.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 389,910 shares of the financial services provider’s stock valued at $22,736,000 after buying an additional 7,254 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of Green Brick Partners by 2.4% in the first quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider’s stock valued at $19,492,000 after buying an additional 7,967 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Performance

GRBK opened at $64.16 on Thursday. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $77.93. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 8.33 and a beta of 1.96. The business has a 50 day moving average of $70.25 and a 200-day moving average of $64.97. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the previous year, the business earned $1.98 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts expect that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Insider Activity

In other news, COO Jed Dolson sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 directly owned 258,605 shares of the company’s stock, valued at $17,781,679.80. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 29.70% of the stock is currently owned by 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.