Stratos Wealth Partners LTD. Reduces Stock Position in Green Brick Partners, Inc. $GRBK

Stratos Wealth Partners LTD. decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,844 shares of the financial services provider’s stock after selling 411 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Green Brick Partners were worth $682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elgethun Capital Management increased its holdings in Green Brick Partners by 3.4% during the 1st quarter. Elgethun Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 200 shares during the period. American Century Companies Inc. grew its position in shares of Green Brick Partners by 0.5% in the 1st quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider’s stock worth $2,284,000 after buying an additional 207 shares during the last quarter. Kendall Capital Management increased its stake in shares of Green Brick Partners by 1.5% during the first quarter. Kendall Capital Management now owns 17,323 shares of the financial services provider’s stock valued at $1,010,000 after buying an additional 255 shares during the period. Inspire Investing LLC raised its holdings in shares of Green Brick Partners by 4.6% during the second quarter. Inspire Investing LLC now owns 6,189 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 273 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Green Brick Partners by 14.2% in the second quarter. GAMMA Investing LLC now owns 2,740 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 340 shares during the period. 78.24% of the stock is owned by institutional investors.

Insider Transactions at Green Brick Partners

In related news, COO Jed Dolson sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $66.76, for a total transaction of $1,335,200.00. Following the sale, the chief operating officer owned 273,605 shares of the company’s stock, valued at $18,265,869.80. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 29.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Green Brick Partners in a research report on Monday, June 30th. They set a “neutral” rating and a $62.00 price objective on the stock. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.00.

Green Brick Partners Trading Down 1.5%

GRBK opened at $67.62 on Thursday. The stock has a market cap of $2.95 billion, a PE ratio of 8.78 and a beta of 1.96. The business has a 50 day moving average of $70.45 and a 200-day moving average of $64.42. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $77.93. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the prior year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.