Harry Brandler Acquires 5,000 Shares of Green Brick Partners Inc (GRBK) Stock

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

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

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

Green Brick Partners stock traded down $0.14 during mid-day trading on Friday, hitting $9.21. 48,366 shares of the company were exchanged, compared to its average volume of 65,310. Green Brick Partners Inc has a 1-year low of $6.65 and a 1-year high of $12.50. The firm has a market capitalization of $465.71 million, a P/E ratio of 6.72 and a beta of 1.67.

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

A number of research analysts recently commented on GRBK shares. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, May 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 price objective for the company. JMP Securities reiterated a “buy” rating and set a $11.50 price objective on shares of Green Brick Partners in a research note on Wednesday, March 6th. Finally, BTIG Research started coverage on Green Brick Partners in a research note on Wednesday, February 6th. They set a “neutral” rating and a $9.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.57.

A number of institutional investors have recently added to or reduced their stakes in the business. Zebra Capital Management LLC raised its stake in Green Brick Partners by 7.0% during the first quarter. Zebra Capital Management LLC now owns 51,787 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 3,375 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Green Brick Partners by 24.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 167,177 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 33,300 shares during the last quarter. SEI Investments Co bought a new stake in shares of Green Brick Partners during the first quarter worth $114,000. Geode Capital Management LLC grew its holdings in shares of Green Brick Partners by 2.6% during the first quarter. Geode Capital Management LLC now owns 296,038 shares of the financial services provider’s stock worth $2,590,000 after purchasing an additional 7,485 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Green Brick Partners by 8.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 57,548 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 4,468 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

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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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