Victory Capital Management Inc. Buys 28,131 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Victory Capital Management Inc. increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 88.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,093 shares of the financial services provider’s stock after purchasing an additional 28,131 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Green Brick Partners worth $3,440,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GRBK. Blue Trust Inc. acquired a new stake in Green Brick Partners during the second quarter worth approximately $48,000. GAMMA Investing LLC grew its stake in Green Brick Partners by 37.4% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 429 shares during the period. Rocky Mountain Advisers LLC grew its stake in Green Brick Partners by 377.5% during the first quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,510 shares during the period. nVerses Capital LLC grew its stake in Green Brick Partners by 1,000.0% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 2,000 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Green Brick Partners during the first quarter worth approximately $233,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wedbush reissued a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley raised their price objective on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

Insider Buying and Selling

In related news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the sale, the director now directly owns 1,302,690 shares in the company, valued at $75,295,482. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.40% of the stock is currently owned by corporate insiders.

Green Brick Partners Trading Up 1.1 %

Shares of Green Brick Partners stock opened at $79.68 on Tuesday. The stock has a market capitalization of $3.58 billion, a PE ratio of 12.09 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $81.06. The stock has a 50 day moving average price of $71.69 and a two-hundred day moving average price of $61.40.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.55. The company had revenue of $560.63 million for the quarter, compared to analysts’ expectations of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. Green Brick Partners’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, equities analysts anticipate that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal year.

Green Brick Partners Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.