Green Brick Partners, Inc. $GRBK Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,945 shares of the financial services provider’s stock after selling 7,264 shares during the quarter. Green Brick Partners comprises about 0.6% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 28th biggest holding. Harbor Capital Advisors Inc. owned about 0.49% of Green Brick Partners worth $13,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Chemistry Wealth Management LLC purchased a new stake in Green Brick Partners during the second quarter worth about $224,000. SCS Capital Management LLC purchased a new stake in shares of Green Brick Partners during the first quarter worth approximately $351,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Green Brick Partners by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock worth $3,825,000 after buying an additional 4,763 shares during the period. Goldman Sachs Group Inc. increased its stake in Green Brick Partners by 13.2% in the first quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock valued at $15,757,000 after purchasing an additional 31,547 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Green Brick Partners by 1.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 389,910 shares of the financial services provider’s stock valued at $22,736,000 after purchasing an additional 7,254 shares during the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on shares of Green Brick Partners in a research note on Monday, June 30th. They issued a “neutral” rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.00.

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $68.76, for a total value of $1,031,400.00. Following the sale, the chief operating officer directly owned 258,605 shares in the company, valued at $17,781,679.80. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 29.70% of the stock is owned by corporate insiders.

Green Brick Partners Price Performance

Green Brick Partners stock opened at $72.95 on Tuesday. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The business has a fifty day moving average of $67.93 and a two-hundred day moving average of $62.41. The company has a market cap of $3.18 billion, a P/E ratio of 9.47 and a beta of 1.89.

Green Brick Partners (NASDAQ:GRBK) last released its 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%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company posted $2.32 earnings per share. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

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.