Salem Investment Counselors Inc. lessened its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 649,786 shares of the financial services provider’s stock after selling 19,858 shares during the quarter. Green Brick Partners makes up approximately 1.3% of Salem Investment Counselors Inc.’s portfolio, making the stock its 14th largest holding. Salem Investment Counselors Inc.’s holdings in Green Brick Partners were worth $40,859,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Elgethun Capital Management raised its position in Green Brick Partners by 3.4% during the first quarter. Elgethun Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 200 shares in the last quarter. American Century Companies Inc. raised its position in Green Brick Partners by 0.5% during the first quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider’s stock valued at $2,284,000 after acquiring an additional 207 shares in the last quarter. Kendall Capital Management raised its position in 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 acquiring an additional 255 shares in the last quarter. CWM LLC raised its position in Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 352 shares in the last quarter. Finally, Vestcor Inc raised its position in Green Brick Partners by 4.6% during the first quarter. Vestcor Inc now owns 8,062 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 356 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.
Insider Transactions at Green Brick Partners
In related news, COO Jed Dolson sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 273,605 shares of the company’s stock, valued at approximately $18,265,869.80. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 29.70% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GRBK
Green Brick Partners Trading Down 2.1%
NASDAQ:GRBK opened at $73.66 on Friday. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 9.57 and a beta of 1.89. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $67.74 and its 200-day moving average is $62.31.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the prior year, the business posted $2.32 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current 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.
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