Shariaportfolio Inc. Boosts Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Shariaportfolio Inc. boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 9.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,520 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. Green Brick Partners makes up approximately 0.4% of Shariaportfolio Inc.’s holdings, making the stock its 28th largest holding. Shariaportfolio Inc.’s holdings in Green Brick Partners were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GRBK. Denali Advisors LLC bought a new position in shares of Green Brick Partners during the 2nd quarter worth $1,568,000. Renaissance Technologies LLC lifted its holdings in Green Brick Partners by 79.1% during the second quarter. Renaissance Technologies LLC now owns 37,809 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 16,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Green Brick Partners by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,609,122 shares of the financial services provider’s stock worth $92,106,000 after purchasing an additional 16,613 shares during the period. WINTON GROUP Ltd increased its stake in shares of Green Brick Partners by 45.8% in the second quarter. WINTON GROUP Ltd now owns 7,830 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 2,461 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Green Brick Partners by 0.5% in the second quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider’s stock valued at $33,834,000 after purchasing an additional 2,875 shares during the period. 78.24% of the stock is currently owned by institutional investors.

Insider Transactions at Green Brick Partners

In related news, Director David Einhorn sold 1,000,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the completion of the sale, the director now directly owns 1,302,690 shares in the company, valued at approximately $75,295,482. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 44.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GRBK. Wedbush reaffirmed a “neutral” rating and issued a $60.00 price target (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley boosted their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $80.70 on Wednesday. The company has a fifty day moving average of $72.70 and a 200-day moving average of $61.73. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $81.66. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 12.25 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $560.63 million for the quarter, compared to analyst estimates of $501.51 million. During the same period last year, the company earned $1.63 EPS. Green Brick Partners’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities research analysts expect that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

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.