Rhumbline Advisers Increases Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Rhumbline Advisers grew its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,850 shares of the financial services provider’s stock after buying an additional 7,672 shares during the quarter. Rhumbline Advisers owned 0.20% of Green Brick Partners worth $5,086,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 1st quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider’s stock valued at $1,214,000 after purchasing an additional 15,852 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Green Brick Partners during the 4th quarter valued at $1,095,000. Security National Bank raised its position in 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 period. Finally, Hennessy Advisors Inc. lifted its stake in 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 purchasing an additional 42,400 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of the stock in a transaction 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 sale, 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 accessible through the SEC website. 44.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Green Brick Partners Trading Up 4.2 %

NASDAQ:GRBK opened at $78.78 on Monday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.95 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87. Green Brick Partners, Inc. has a one year low of $37.31 and a one year high of $81.06. The company’s 50-day simple moving average is $71.69 and its 200 day simple moving average is $61.37.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, analysts forecast that Green Brick Partners, Inc. will post 8.35 EPS for the current fiscal year.

Green Brick Partners Company 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.