Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,963 shares of the financial services provider’s stock after selling 1,405 shares during the period. Maryland State Retirement & Pension System’s holdings in Green Brick Partners were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Elgethun Capital Management lifted its position in shares of 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 acquiring an additional 200 shares during the period. Kendall Capital Management lifted its position in shares of Green Brick Partners by 1.5% during the 1st 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 during the period. Bank of Montreal Can lifted its position in shares of Green Brick Partners by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 310 shares during the period. CWM LLC raised its position in shares of Green Brick Partners by 13.5% during the 1st quarter. CWM LLC now owns 2,958 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 352 shares during the last quarter. Finally, Vestcor Inc raised its position in shares of Green Brick Partners by 4.6% during the 1st quarter. Vestcor Inc now owns 8,062 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 356 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Trading Down 0.9%

Shares of Green Brick Partners stock opened at $70.29 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. The company has a market capitalization of $3.06 billion, a P/E ratio of 9.13 and a beta of 1.83. The business has a 50 day moving average price of $64.05 and a 200 day moving average price of $60.67.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company earned $2.32 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Green Brick Partners in a research report on Monday, June 30th. They set a “neutral” rating and a $62.00 price objective for the company.

Insider Activity

In other Green Brick Partners news, COO Jed Dolson sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $66.76, for a total value of $1,335,200.00. Following the completion of the transaction, the chief operating officer directly owned 273,605 shares in the company, valued at approximately $18,265,869.80. The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 29.70% of the stock is owned by corporate insiders.

About Green Brick Partners

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.