Los Angeles Capital Management LLC Raises Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Los Angeles Capital Management LLC increased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,566 shares of the financial services provider’s stock after purchasing an additional 5,919 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Green Brick Partners worth $1,484,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 valued at $89,926,000 after purchasing an additional 199,471 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Green Brick Partners by 76.5% during 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 acquiring an additional 543,450 shares during the last quarter. American Century Companies Inc. increased its position in Green Brick Partners by 30.7% during the 3rd quarter. American Century Companies Inc. now owns 422,869 shares of the financial services provider’s stock worth $17,553,000 after purchasing an additional 99,240 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Green Brick Partners by 155.2% during 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. Finally, Algert Global LLC raised its stake in Green Brick Partners by 27.9% in the 3rd quarter. Algert Global LLC now owns 157,114 shares of the financial services provider’s stock valued at $6,522,000 after purchasing an additional 34,310 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Insider Buying and Selling at Green Brick Partners

In other news, Director Richard S. Press bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $51.84 per share, for a total transaction of $51,840.00. Following the completion of the purchase, the director now owns 88,063 shares of the company’s stock, valued at $4,565,185.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related 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 owns 52,116 shares in the company, valued at approximately $2,958,625.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard S. Press purchased 1,000 shares of Green Brick Partners stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $51.84 per share, with a total value of $51,840.00. Following the completion of the purchase, the director now owns 88,063 shares in the company, valued at approximately $4,565,185.92. The disclosure for this purchase can be found here. 44.40% of the stock is owned by corporate insiders.

Green Brick Partners Price Performance

Shares of Green Brick Partners stock opened at $56.18 on Wednesday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 8.53 and a beta of 1.73. Green Brick Partners, Inc. has a twelve month low of $37.31 and a twelve 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 business’s fifty day moving average price is $55.80 and its 200 day moving average price is $51.78.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.31. The company had revenue of $447.34 million during 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 company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 6.77 earnings per share for the current year.

Analysts Set New Price Targets

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

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.