Kendall Capital Management Raises Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Kendall Capital Management grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,883 shares of the financial services provider’s stock after buying an additional 315 shares during the quarter. Kendall Capital Management’s holdings in Green Brick Partners were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Green Brick Partners by 12.8% in the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after buying an additional 307,304 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Green Brick Partners by 368.0% in the first quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 15,852 shares during the period. Corient Private Wealth LLC bought a new position in shares of Green Brick Partners in the fourth quarter worth about $1,095,000. Security National Bank boosted its stake in shares of Green Brick Partners by 273.8% in the fourth quarter. Security National Bank now owns 20,560 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 15,060 shares during the period. Finally, Hennessy Advisors Inc. boosted its stake in shares of Green Brick Partners by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 138,700 shares of the financial services provider’s stock worth $8,354,000 after acquiring an additional 42,400 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRBK. Wedbush reaffirmed 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 upped their price objective on Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Insider Activity at Green Brick Partners

In related news, Director David Einhorn sold 1,000,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at $75,295,482. The sale was disclosed in a filing with the SEC, which is available through this link. 44.40% of the stock is owned by corporate insiders.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $80.63 on Thursday. The stock has a 50 day moving average of $73.18 and a 200 day moving average of $61.86. Green Brick Partners, Inc. has a 12 month low of $37.31 and a 12 month high of $83.33. The firm has a market cap of $3.62 billion, a PE ratio of 12.24 and a beta of 1.80. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22.

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

About Green Brick Partners

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.