Elizabeth Blake Purchases 15,000 Shares of Green Brick Partners Inc (GRBK) Stock

Green Brick Partners Inc (NASDAQ:GRBK) Director Elizabeth Blake acquired 15,000 shares of Green Brick Partners stock in a transaction on Tuesday, November 13th. The shares were bought at an average price of $8.86 per share, for a total transaction of $132,900.00. Following the completion of the purchase, the director now directly owns 138,366 shares in the company, valued at $1,225,922.76. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Green Brick Partners stock traded up $0.13 during trading hours on Thursday, reaching $8.75. The company’s stock had a trading volume of 142,700 shares, compared to its average volume of 134,691. Green Brick Partners Inc has a one year low of $8.34 and a one year high of $12.50. The company has a market cap of $438.73 million, a P/E ratio of 6.98 and a beta of 1.63.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). Green Brick Partners had a return on equity of 14.02% and a net margin of 5.28%. The business had revenue of $149.99 million during the quarter.

Several institutional investors have recently bought and sold shares of GRBK. Citadel Advisors LLC bought a new position in shares of Green Brick Partners in the 2nd quarter worth about $6,500,000. Ariel Investments LLC lifted its position in shares of Green Brick Partners by 61.5% in the 2nd quarter. Ariel Investments LLC now owns 1,718,846 shares of the financial services provider’s stock worth $16,845,000 after buying an additional 654,853 shares during the last quarter. Stadium Capital Management LLC lifted its position in shares of Green Brick Partners by 59.5% in the 3rd quarter. Stadium Capital Management LLC now owns 756,825 shares of the financial services provider’s stock worth $7,644,000 after buying an additional 282,457 shares during the last quarter. Millennium Management LLC bought a new position in shares of Green Brick Partners in the 2nd quarter worth about $2,762,000. Finally, Putnam Investments LLC bought a new position in shares of Green Brick Partners in the 2nd quarter worth about $2,404,000. Institutional investors own 76.67% of the company’s stock.

GRBK has been the topic of a number of research analyst reports. Citigroup set a $11.00 price objective on shares of Green Brick Partners and gave the company a “buy” rating in a research note on Thursday, November 8th. BidaskClub upgraded shares of Green Brick Partners from a “hold” rating to a “buy” rating in a research note on Saturday, October 13th. Finally, Credit Suisse Group initiated coverage on shares of Green Brick Partners in a research note on Friday, August 24th. They set a “neutral” rating and a $9.00 price objective on the stock.

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About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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