Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by PFG Advisors

PFG Advisors increased its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 21.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,184 shares of the financial services provider’s stock after purchasing an additional 1,106 shares during the quarter. PFG Advisors’ holdings in Green Brick Partners were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in Green Brick Partners by 76.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock worth $65,103,000 after purchasing an additional 543,450 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Green Brick Partners by 11.0% during the fourth quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock valued at $124,855,000 after acquiring an additional 237,463 shares in the last quarter. American Century Companies Inc. increased its position in shares of Green Brick Partners by 30.7% in the 3rd quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after purchasing an additional 99,240 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Green Brick Partners by 99.7% during the fourth quarter. Russell Investments Group Ltd. now owns 120,094 shares of the financial services provider’s stock worth $6,238,000 after purchasing an additional 59,971 shares during the period. Finally, Security National Bank boosted its stake in Green Brick Partners by 258.3% during the 1st 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. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded up $2.08 during trading on Friday, hitting $64.22. 659,613 shares of the company’s stock traded hands, compared to its average volume of 573,782. Green Brick Partners, Inc. has a 1 year low of $37.31 and a 1 year high of $64.86. The stock has a market capitalization of $2.89 billion, a P/E ratio of 9.76 and a beta of 1.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.70 and a quick ratio of 1.16. The business has a 50-day simple moving average of $56.14 and a 200-day simple moving average of $54.84.

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

Insider Transactions at Green Brick Partners

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

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.