Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,609,122 shares of the financial services provider’s stock after acquiring an additional 16,613 shares during the period. Dimensional Fund Advisors LP owned about 3.58% of Green Brick Partners worth $92,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Green Brick Partners by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock worth $163,292,000 after purchasing an additional 307,304 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Green Brick Partners by 0.8% during the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock worth $42,540,000 after buying an additional 6,045 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Green Brick Partners by 0.5% in the second quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock worth $33,834,000 after acquiring an additional 2,875 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Green Brick Partners by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 511,482 shares of the financial services provider’s stock valued at $30,808,000 after acquiring an additional 32,373 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Green Brick Partners by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 234,357 shares of the financial services provider’s stock valued at $13,415,000 after acquiring an additional 8,898 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insider Activity

In related news, Director David Einhorn sold 1,000,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total value of $57,800,000.00. Following the transaction, the director now directly owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 44.40% of the company’s stock.

Green Brick Partners Stock Performance

NASDAQ GRBK opened at $81.85 on Wednesday. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.68 billion, a PE ratio of 12.42 and a beta of 1.80. The business’s 50-day moving average price is $74.47 and its 200 day moving average price is $62.77. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve month high of $83.41.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $560.63 million for the quarter, compared to analysts’ expectations of $501.51 million. During the same period last year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GRBK. Wedbush restated a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. 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.

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.