Moors & Cabot Inc. Has $272,000 Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Moors & Cabot Inc. lessened its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,750 shares of the financial services provider’s stock after selling 250 shares during the quarter. Moors & Cabot Inc.’s holdings in Green Brick Partners were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GRBK. Charles Schwab Investment Management Inc. raised its position in Green Brick Partners by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 214,490 shares of the financial services provider’s stock worth $11,141,000 after purchasing an additional 9,556 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Green Brick Partners in the 4th quarter worth approximately $1,095,000. Quest Partners LLC bought a new position in shares of Green Brick Partners during the 4th quarter worth approximately $478,000. TD Asset Management Inc boosted its stake in Green Brick Partners by 21.0% in the 4th quarter. TD Asset Management Inc now owns 21,300 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 3,700 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Green Brick Partners in the fourth quarter valued at $456,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Green Brick Partners

In related news, Director David Einhorn sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $57.80, for a total value of $57,800,000.00. Following the completion of the transaction, the director now owns 1,302,690 shares in the company, valued at approximately $75,295,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.40% of the stock is owned by company insiders.

Green Brick Partners Trading Down 3.6 %

Shares of GRBK opened at $80.11 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.16 and a beta of 1.80. The stock has a fifty day moving average price of $73.91 and a two-hundred day moving average price of $62.21. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $83.41.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (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 business had revenue of $560.63 million during the quarter, compared to analysts’ expectations of $501.51 million. During the same period in the previous year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. Analysts predict that Green Brick Partners, Inc. will post 8.35 EPS 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.