Texas Permanent School Fund Corp Sells 3,221 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Texas Permanent School Fund Corp cut its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 14.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 19,019 shares of the financial services provider’s stock after selling 3,221 shares during the period. Texas Permanent School Fund Corp’s holdings in Green Brick Partners were worth $1,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GRBK. Blue Trust Inc. bought a new position in Green Brick Partners during the 2nd quarter valued at $48,000. GAMMA Investing LLC lifted its position in shares of Green Brick Partners by 37.4% during the first quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 429 shares in the last quarter. Rocky Mountain Advisers LLC boosted its holdings in Green Brick Partners by 377.5% during the first quarter. Rocky Mountain Advisers LLC now owns 1,910 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 1,510 shares during the last quarter. nVerses Capital LLC increased its stake in Green Brick Partners by 1,000.0% in the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock valued at $126,000 after buying an additional 2,000 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new position in shares of Green Brick Partners during the 1st quarter worth approximately $242,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director David Einhorn sold 1,000,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $57.80, for a total transaction of $57,800,000.00. Following the transaction, the director now owns 1,302,690 shares of the company’s stock, valued at approximately $75,295,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 44.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th. B. Riley upped their price objective on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $80.11 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 12.16 and a beta of 1.80. Green Brick Partners, Inc. has a 52 week low of $37.31 and a 52 week high of $83.41. The firm’s 50-day simple moving average is $73.91 and its two-hundred day simple moving average is $62.21.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The company had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. During the same quarter last year, the business posted $1.63 EPS. Green Brick Partners’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.35 earnings per share for the current 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.