Insider Selling: Green Brick Partners, Inc. (NASDAQ:GRBK) Director Sells $57,800,000.00 in Stock

Green Brick Partners, Inc. (NASDAQ:GRBK) Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total value of $57,800,000.00. Following the transaction, the director now owns 1,302,690 shares in the company, valued at approximately $75,295,482. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Green Brick Partners Price Performance

GRBK stock opened at $69.04 on Thursday. The business has a fifty day moving average of $56.87 and a two-hundred day moving average of $55.19. The company has a quick ratio of 1.16, a current ratio of 8.70 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 10.48 and a beta of 1.80. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $70.79.

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

Institutional Investors Weigh In On Green Brick Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alhambra Investment Management LLC acquired a new stake in shares of Green Brick Partners in the second quarter valued at $321,000. Annex Advisory Services LLC acquired a new stake in shares of Green Brick Partners in the second quarter valued at $10,687,000. Salem Investment Counselors Inc. grew its stake in shares of Green Brick Partners by 0.8% in the second quarter. Salem Investment Counselors Inc. now owns 743,183 shares of the financial services provider’s stock valued at $42,540,000 after buying an additional 6,045 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Green Brick Partners by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock valued at $5,746,000 after buying an additional 73,506 shares in the last quarter. Finally, Invst LLC acquired a new stake in shares of Green Brick Partners in the first quarter valued at $351,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GRBK shares. B. Riley lifted their price objective on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wedbush reissued a “neutral” rating and set a $49.00 target price on shares of Green Brick Partners in a research note on Thursday, May 2nd.

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.