Green Brick Partners Inc (GRBK) Director Purchases $44,850.00 in Stock

Green Brick Partners Inc (NASDAQ:GRBK) Director Harry Brandler purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $8.97 per share, with a total value of $44,850.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Harry Brandler also recently made the following trade(s):

  • On Monday, March 11th, Harry Brandler purchased 6,021 shares of Green Brick Partners stock. The stock was bought at an average price of $9.21 per share, with a total value of $55,453.41.
  • On Wednesday, March 13th, Harry Brandler purchased 14,176 shares of Green Brick Partners stock. The stock was bought at an average price of $9.20 per share, with a total value of $130,419.20.

Shares of NASDAQ GRBK traded down $0.14 during midday trading on Friday, hitting $9.21. 51,668 shares of the company’s stock were exchanged, compared to its average volume of 70,458. The company has a market capitalization of $473.82 million, a P/E ratio of 7.03 and a beta of 1.67. Green Brick Partners Inc has a 12 month low of $6.65 and a 12 month high of $12.50.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The business had revenue of $168.63 million during the quarter, compared to analysts’ expectations of $157.51 million. Green Brick Partners had a return on equity of 14.21% and a net margin of 8.05%. On average, equities analysts predict that Green Brick Partners Inc will post 1.05 EPS for the current fiscal year.

Several research analysts have recently commented on GRBK shares. TheStreet upgraded Green Brick Partners from a “c” rating to a “b-” rating in a research note on Tuesday, March 5th. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th. Citigroup lifted their target price on Green Brick Partners from $9.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, March 8th. Deutsche Bank started coverage on Green Brick Partners in a research note on Thursday, January 24th. They set a “buy” rating and a $10.00 target price for the company. Finally, JMP Securities reiterated a “buy” rating and set a $11.50 target price on shares of Green Brick Partners in a research note on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.57.

A number of large investors have recently added to or reduced their stakes in GRBK. SCW Capital Management LP acquired a new stake in Green Brick Partners during the 4th quarter worth approximately $8,503,000. Diamond Hill Capital Management Inc. acquired a new stake in Green Brick Partners during the 4th quarter worth approximately $6,201,000. Morgan Stanley lifted its holdings in Green Brick Partners by 285.7% during the 3rd quarter. Morgan Stanley now owns 299,293 shares of the financial services provider’s stock worth $3,023,000 after purchasing an additional 221,686 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Green Brick Partners by 14.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,318,372 shares of the financial services provider’s stock worth $9,545,000 after purchasing an additional 167,526 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in Green Brick Partners by 16.0% during the 3rd quarter. Vanguard Group Inc now owns 1,153,381 shares of the financial services provider’s stock worth $11,649,000 after purchasing an additional 158,863 shares during the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.

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About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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