Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 58.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,000 shares of the financial services provider’s stock after selling 1,400 shares during the period. Optimum Investment Advisors’ holdings in Green Brick Partners were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GRBK. Pacer Advisors Inc. raised its holdings in shares of Green Brick Partners by 76.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,253,421 shares of the financial services provider’s stock valued at $65,103,000 after buying an additional 543,450 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Green Brick Partners by 11.0% in the fourth quarter. Vanguard Group Inc. now owns 2,403,836 shares of the financial services provider’s stock valued at $124,855,000 after buying an additional 237,463 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Green Brick Partners by 30.7% in the third quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock valued at $17,553,000 after buying an additional 99,240 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Green Brick Partners by 155.2% in the third quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock valued at $6,616,000 after buying an additional 96,923 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Green Brick Partners by 99.7% in the fourth quarter. Russell Investments Group Ltd. now owns 120,094 shares of the financial services provider’s stock valued at $6,238,000 after buying an additional 59,971 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Green Brick Partners

In other Green Brick Partners news, CFO Richard Arthur Costello sold 40,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 52,116 shares of the company’s stock, valued at $2,958,625.32. The sale was disclosed in a filing with the SEC, which is available at this link. In other 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 in the company, valued at $2,958,625.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard S. Press purchased 1,474 shares of the 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 completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $57,440. The disclosure for this purchase can be found here. 44.40% of the stock is currently owned by corporate insiders.

Green Brick Partners Trading Up 0.2 %

Shares of Green Brick Partners stock opened at $57.04 on Friday. Green Brick Partners, Inc. has a 12-month low of $37.31 and a 12-month high of $61.62. The company has a current ratio of 8.70, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.56 billion, a PE ratio of 8.64 and a beta of 1.74. The company has a 50-day moving average of $55.36 and a two-hundred day moving average of $54.31.

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