Green Brick Partners Inc (NASDAQ:GRBK) was the recipient of a significant drop in short interest in April. As of April 28th, there was short interest totalling 1,079,907 shares, a drop of 4.4% from the April 13th total of 1,129,849 shares. Based on an average trading volume of 51,606 shares, the days-to-cover ratio is currently 20.9 days.

In related news, CFO Richard Arthur Costello sold 6,000 shares of the firm’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 transaction, the chief financial officer now owns 10,298 shares of the company’s stock, valued at $100,405.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth Blake acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The shares were acquired at an average cost of $9.49 per share, for a total transaction of $189,800.00. Following the transaction, the director now owns 94,123 shares of the company’s stock, valued at approximately $893,227.27. The disclosure for this purchase can be found here. 53.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Green Brick Partners by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 754,642 shares of the financial services provider’s stock worth $7,509,000 after buying an additional 33,283 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Green Brick Partners by 4.7% in the first quarter. Geode Capital Management LLC now owns 207,783 shares of the financial services provider’s stock worth $2,067,000 after buying an additional 9,391 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Green Brick Partners by 26.8% in the first quarter. Ariel Investments LLC now owns 500,200 shares of the financial services provider’s stock worth $4,977,000 after buying an additional 105,600 shares in the last quarter. American International Group Inc. boosted its stake in shares of Green Brick Partners by 7.1% in the first quarter. American International Group Inc. now owns 14,298 shares of the financial services provider’s stock worth $142,000 after buying an additional 947 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Green Brick Partners by 40.6% in the first quarter. Prudential Financial Inc. now owns 25,290 shares of the financial services provider’s stock worth $252,000 after buying an additional 7,300 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners (NASDAQ:GRBK) opened at 10.85 on Friday. The company’s 50-day moving average is $10.12 and its 200 day moving average is $9.54. The company has a market cap of $532.40 million, a price-to-earnings ratio of 19.76 and a beta of 2.11. Green Brick Partners has a 12 month low of $6.57 and a 12 month high of $11.00.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Monday, May 8th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. Green Brick Partners had a return on equity of 9.00% and a net margin of 6.00%. The firm had revenue of $99.34 million during the quarter, compared to the consensus estimate of $113.90 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 42.0% on a year-over-year basis. Equities analysts forecast that Green Brick Partners will post $0.64 earnings per share for the current fiscal year.

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Green Brick Partners Company Profile

Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.

5 Day Chart for NASDAQ:GRBK

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