Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello Sells 40,000 Shares

Green Brick Partners, Inc. (NASDAQ:GRBK) CFO Richard Arthur Costello sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chief financial officer now directly owns 52,116 shares in the company, valued at $2,958,625.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $56.41 on Tuesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 8.56 and a beta of 1.73. Green Brick Partners, Inc. has a 52-week low of $37.31 and a 52-week high of $61.62. 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 company’s 50 day moving average is $55.82 and its 200 day moving average is $51.65.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly 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. The business had revenue of $447.34 million for the quarter, compared to the consensus estimate of $440.44 million. Green Brick Partners had a return on equity of 24.40% and a net margin of 17.13%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 6.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Brick Partners

A number of large investors have recently added to or reduced their stakes in GRBK. Vanguard Group Inc. grew its position in shares of Green Brick Partners by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,166,373 shares of the financial services provider’s stock worth $89,926,000 after buying an additional 199,471 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Green Brick Partners by 123.1% during the third quarter. Lord Abbett & CO. LLC now owns 149,294 shares of the financial services provider’s stock worth $6,197,000 after purchasing an additional 82,384 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of Green Brick Partners during the third quarter worth $1,229,000. GAMMA Investing LLC acquired a new stake in shares of Green Brick Partners in the 4th quarter worth $60,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Green Brick Partners by 155.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 159,387 shares of the financial services provider’s stock worth $6,616,000 after purchasing an additional 96,923 shares in the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GRBK. Wedbush reissued a “neutral” rating and issued a $49.00 price objective on shares of Green Brick Partners in a research note on Thursday, May 2nd. B. Riley increased their price target on Green Brick Partners from $59.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, StockNews.com downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a report on Sunday, March 17th.

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.