AlphaQuest LLC Cuts Stock Position in Green Brick Partners, Inc. $GRBK

AlphaQuest LLC lowered its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 72.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,249 shares of the financial services provider’s stock after selling 8,698 shares during the period. AlphaQuest LLC’s holdings in Green Brick Partners were worth $204,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Annex Advisory Services LLC increased its holdings in Green Brick Partners by 16.3% during the second quarter. Annex Advisory Services LLC now owns 546,427 shares of the financial services provider’s stock worth $34,359,000 after buying an additional 76,472 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Green Brick Partners by 56.7% during the first quarter. The Manufacturers Life Insurance Company now owns 453,977 shares of the financial services provider’s stock worth $26,471,000 after buying an additional 164,273 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Green Brick Partners by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock worth $25,581,000 after buying an additional 41,083 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Green Brick Partners by 1.9% during the first quarter. Punch & Associates Investment Management Inc. now owns 389,910 shares of the financial services provider’s stock worth $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% during the 1st 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. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the transaction, the chief operating officer owned 273,605 shares of the company’s stock, valued at $18,265,869.80. This represents a 6.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 29.70% of the stock is owned by corporate insiders.

Green Brick Partners Stock Down 1.8%

Shares of NASDAQ GRBK opened at $64.85 on Monday. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $77.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The business’s fifty day moving average price is $70.11 and its 200-day moving average price is $65.16. The stock has a market capitalization of $2.83 billion, a PE ratio of 8.42 and a beta of 1.96.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $1.77 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 quarter in the previous year, the firm posted $1.98 EPS. Green Brick Partners’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

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.