Hennessy Advisors Inc. Grows Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Hennessy Advisors Inc. lifted its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 44.0% in the first quarter, HoldingsChannel reports. The firm owned 138,700 shares of the financial services provider’s stock after acquiring an additional 42,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Green Brick Partners were worth $8,354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Security National Bank boosted its holdings in Green Brick Partners by 258.3% in the first quarter. Security National Bank now owns 73,674 shares of the financial services provider’s stock valued at $4,437,000 after purchasing an additional 53,114 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Green Brick Partners by 1.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 737,138 shares of the financial services provider’s stock worth $44,398,000 after buying an additional 12,035 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Green Brick Partners by 37.4% during the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock worth $95,000 after buying an additional 429 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Green Brick Partners by 5.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 30,158 shares of the financial services provider’s stock worth $1,816,000 after buying an additional 1,592 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Green Brick Partners during the 4th quarter worth about $257,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded up $0.32 on Friday, hitting $57.34. The stock had a trading volume of 182,949 shares, compared to its average volume of 384,117. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $61.62. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 8.59 and a beta of 1.74. The company’s 50 day moving average price is $55.68 and its 200 day moving average price is $54.46.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.31. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The business had revenue of $447.34 million during the quarter, compared to the consensus estimate of $440.44 million. During the same period in the previous year, the business earned $1.37 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts anticipate that Green Brick Partners, Inc. will post 7.46 EPS for the current year.

Insider Activity at Green Brick Partners

In related news, Director Richard S. Press purchased 1,474 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $57,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chief financial officer now owns 52,116 shares in the company, valued at approximately $2,958,625.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard S. Press bought 1,474 shares of the company’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $57,440. The disclosure for this purchase can be found here. 44.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $49.00 price target on shares of Green Brick Partners in a report on Thursday, May 2nd. Finally, B. Riley lifted their price target on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd.

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.