Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 658 Shares of Green Brick Partners, Inc. $GRBK

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,884 shares of the financial services provider’s stock after acquiring an additional 658 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Green Brick Partners were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Elgethun Capital Management raised its stake in shares of Green Brick Partners by 3.4% in the first quarter. Elgethun Capital Management now owns 6,000 shares of the financial services provider’s stock worth $350,000 after acquiring an additional 200 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Green Brick Partners by 0.5% in the first quarter. American Century Companies Inc. now owns 39,166 shares of the financial services provider’s stock worth $2,284,000 after acquiring an additional 207 shares during the last quarter. Kendall Capital Management raised 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 worth $1,010,000 after buying an additional 255 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Green Brick Partners by 14.2% during the second quarter. GAMMA Investing LLC now owns 2,740 shares of the financial services provider’s stock worth $172,000 after buying an additional 340 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Green Brick Partners by 13.5% during the first quarter. CWM LLC now owns 2,958 shares of the financial services provider’s stock worth $172,000 after buying an additional 352 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK opened at $77.37 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve month high of $84.66. The firm’s 50 day moving average price is $69.95 and its two-hundred day moving average price is $63.70. The firm has a market cap of $3.37 billion, a P/E ratio of 10.05 and a beta of 1.96.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share 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. Green Brick Partners’s revenue was down 2.1% on a year-over-year basis. On average, analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the business’s stock in a transaction 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 owned 258,605 shares of the company’s stock, valued at $17,781,679.80. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 29.70% of the stock is currently 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.