Invst LLC Purchases 4,241 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Invst LLC increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 72.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,058 shares of the financial services provider’s stock after purchasing an additional 4,241 shares during the quarter. Invst LLC’s holdings in Green Brick Partners were worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRBK. Vanguard Group Inc. grew 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 buying an additional 307,304 shares during the period. GSA Capital Partners LLP raised its position in shares of Green Brick Partners by 368.0% during the 1st quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 15,852 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Green Brick Partners in the 4th quarter valued at $1,095,000. Security National Bank boosted its position in shares of Green Brick Partners by 273.8% in the 4th quarter. Security National Bank now owns 20,560 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 15,060 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Green Brick Partners by 44.0% during the first quarter. Hennessy Advisors Inc. now owns 138,700 shares of the financial services provider’s stock worth $8,354,000 after purchasing an additional 42,400 shares during the period. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Price Performance

GRBK opened at $83.52 on Tuesday. The stock has a market cap of $3.75 billion, a P/E ratio of 12.67 and a beta of 1.80. Green Brick Partners, Inc. has a 12 month low of $37.31 and a 12 month high of $84.21. The company has a quick ratio of 0.87, a current ratio of 8.28 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $75.37 and a 200 day simple moving average of $63.56.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $501.51 million. During the same quarter last year, the firm posted $1.63 earnings per share. Green Brick Partners’s revenue was up 22.9% compared to the same quarter last year. On average, research analysts expect that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wedbush reissued 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 increased 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.

Insiders Place Their Bets

In other news, Director David Einhorn sold 1,000,000 shares of the company’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 $75,295,482. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 44.40% of the company’s stock.

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.