GAMMA Investing LLC Raises Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

GAMMA Investing LLC boosted its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 37.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,577 shares of the financial services provider’s stock after purchasing an additional 429 shares during the quarter. GAMMA Investing LLC’s holdings in Green Brick Partners were worth $95,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of Green Brick Partners by 5,000.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,000 shares in the last quarter. Planned Solutions Inc. acquired a new position in shares of Green Brick Partners during the 4th quarter worth approximately $123,000. Optimum Investment Advisors grew its position in shares of Green Brick Partners by 433.3% in the fourth quarter. Optimum Investment Advisors now owns 2,400 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,950 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Green Brick Partners by 148.8% in the fourth quarter. Whittier Trust Co. now owns 2,508 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Green Brick Partners by 7,714.7% during the fourth quarter. Larson Financial Group LLC now owns 2,657 shares of the financial services provider’s stock worth $138,000 after buying an additional 2,623 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Wall Street Analysts Forecast Growth

GRBK has been the topic of several analyst reports. StockNews.com lowered Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th. Wedbush reaffirmed a “neutral” rating and set a $49.00 target price on shares of Green Brick Partners in a research note on Thursday, May 2nd. Finally, B. Riley increased their price target on shares of Green Brick Partners from $59.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd.

Green Brick Partners Trading Up 0.2 %

NASDAQ GRBK opened at $57.04 on Friday. Green Brick Partners, Inc. has a one year low of $37.31 and a one year high of $61.62. The firm has a 50 day simple moving average of $55.36 and a 200-day simple moving average of $54.31. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 8.66 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.16 and a current ratio of 8.70.

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

Insider Buying and Selling

In related news, Director Richard S. Press acquired 1,474 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $57,440. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 sale, the chief financial officer now directly owns 52,116 shares of the company’s stock, valued at approximately $2,958,625.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard S. Press acquired 1,474 shares of Green Brick Partners stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $57.44 per share, for a total transaction of $84,666.56. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $57,440. The disclosure for this purchase can be found here. 44.40% of the stock is currently owned by insiders.

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.