Insider Buying: Green Brick Partners Inc (NASDAQ:GRBK) Director Purchases 7,000 Shares of Stock

Green Brick Partners Inc (NASDAQ:GRBK) Director John R. Farris purchased 7,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average cost of $8.25 per share, with a total value of $57,750.00. Following the acquisition, the director now directly owns 106,470 shares in the company, valued at $878,377.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ GRBK remained flat at $$9.52 during mid-day trading on Friday. The company had a trading volume of 43,772 shares, compared to its average volume of 120,381. Green Brick Partners Inc has a 52 week low of $6.65 and a 52 week high of $10.70. The firm has a 50 day moving average of $8.97. The firm has a market capitalization of $482.44 million, a price-to-earnings ratio of 6.95 and a beta of 1.48.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $157.51 million. As a group, sell-side analysts forecast that Green Brick Partners Inc will post 0.97 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in GRBK. Morgan Stanley raised its stake in Green Brick Partners by 285.7% during the third quarter. Morgan Stanley now owns 299,293 shares of the financial services provider’s stock worth $3,023,000 after purchasing an additional 221,686 shares during the period. Rhumbline Advisers increased its position in shares of Green Brick Partners by 40.7% in the fourth quarter. Rhumbline Advisers now owns 36,654 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 10,610 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Green Brick Partners by 58.8% in the fourth quarter. Virginia Retirement Systems ET AL now owns 59,700 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 22,100 shares in the last quarter. First Trust Advisors LP increased its position in shares of Green Brick Partners by 18.7% in the fourth quarter. First Trust Advisors LP now owns 43,881 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 6,903 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Green Brick Partners by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,524,522 shares of the financial services provider’s stock worth $11,037,000 after acquiring an additional 18,275 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Several research firms have weighed in on GRBK. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.57.

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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