Green Brick Partners Inc (GRBK) CFO Sells $58,500.00 in Stock
Green Brick Partners Inc (NASDAQ:GRBK) CFO Richard Arthur Costello sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $9.75, for a total transaction of $58,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,298 shares of the company’s stock, valued at approximately $100,405.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Green Brick Partners Inc (NASDAQ:GRBK) traded up 1.05% during midday trading on Monday, reaching $9.65. 33,488 shares of the company’s stock traded hands. Green Brick Partners Inc has a 52-week low of $6.57 and a 52-week high of $10.85. The stock has a 50-day moving average price of $9.49 and a 200-day moving average price of $8.98. The stock has a market cap of $472.98 million, a P/E ratio of 19.86 and a beta of 2.11.
Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Monday, March 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.14 by $0.14. Green Brick Partners had a net margin of 6.00% and a return on equity of 9.00%. The business had revenue of $119.76 million for the quarter, compared to the consensus estimate of $111.90 million. During the same period last year, the company earned $0.16 EPS. The firm’s revenue was up 59.5% compared to the same quarter last year. Analysts forecast that Green Brick Partners Inc will post $0.59 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of GRBK. Ranger Investment Management L.P. increased its stake in Green Brick Partners by 20.3% in the fourth quarter. Ranger Investment Management L.P. now owns 216,574 shares of the company’s stock valued at $2,177,000 after buying an additional 36,494 shares in the last quarter. Guggenheim Capital LLC increased its stake in Green Brick Partners by 41.5% in the fourth quarter. Guggenheim Capital LLC now owns 14,724 shares of the company’s stock valued at $148,000 after buying an additional 4,321 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Green Brick Partners during the fourth quarter valued at approximately $183,000. Old West Investment Management LLC increased its stake in Green Brick Partners by 16.8% in the fourth quarter. Old West Investment Management LLC now owns 161,753 shares of the company’s stock valued at $1,625,000 after buying an additional 23,230 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Green Brick Partners by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 721,359 shares of the company’s stock valued at $7,250,000 after buying an additional 55,597 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.
Green Brick Partners Company Profile
Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.
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