Texas Permanent School Fund Corp Has $1.09 Million Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Texas Permanent School Fund Corp reduced its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,019 shares of the financial services provider’s stock after selling 3,221 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Green Brick Partners were worth $1,089,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GRBK. Victory Capital Management Inc. increased its stake in shares of Green Brick Partners by 88.0% in the second quarter. Victory Capital Management Inc. now owns 60,093 shares of the financial services provider’s stock valued at $3,440,000 after buying an additional 28,131 shares during the period. LMG Wealth Partners LLC boosted its holdings in Green Brick Partners by 7.9% in the second quarter. LMG Wealth Partners LLC now owns 23,215 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 1,707 shares during the last quarter. Whalen Wealth Management Inc. increased its position in Green Brick Partners by 96.2% during the 2nd quarter. Whalen Wealth Management Inc. now owns 8,078 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 3,960 shares during the period. Rhumbline Advisers increased its position in Green Brick Partners by 9.5% during the 2nd quarter. Rhumbline Advisers now owns 88,850 shares of the financial services provider’s stock valued at $5,086,000 after purchasing an additional 7,672 shares during the period. Finally, nVerses Capital LLC raised its holdings in Green Brick Partners by 1,000.0% during the 2nd 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 last quarter. Institutional investors own 78.24% of the company’s stock.

Insider Buying and Selling at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the transaction, the director now owns 1,302,690 shares in the company, valued at $75,295,482. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 44.40% of the company’s stock.

Green Brick Partners Trading Down 3.6 %

Shares of GRBK stock opened at $80.11 on Friday. Green Brick Partners, Inc. has a fifty-two week low of $37.31 and a fifty-two week high of $83.41. 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 stock has a 50 day simple moving average of $73.91 and a two-hundred day simple moving average of $62.21. The company has a market cap of $3.60 billion, a P/E ratio of 12.16 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. During the same quarter in the previous year, the business posted $1.63 EPS. Green Brick Partners’s revenue for the quarter was up 22.9% compared to the same quarter last year. Research analysts forecast that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.