Renaissance Technologies LLC Buys 16,700 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Renaissance Technologies LLC lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 79.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,809 shares of the financial services provider’s stock after purchasing an additional 16,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Green Brick Partners were worth $2,164,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Green Brick Partners by 12.8% in the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after buying an additional 307,304 shares in the last quarter. GSA Capital Partners LLP increased its stake in Green Brick Partners by 368.0% in the first quarter. GSA Capital Partners LLP now owns 20,160 shares of the financial services provider’s stock valued at $1,214,000 after purchasing an additional 15,852 shares in the last quarter. Security National Bank increased its position in shares of Green Brick Partners by 273.8% during the fourth quarter. Security National Bank now owns 20,560 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 15,060 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Green Brick Partners by 44.0% during the first quarter. Hennessy Advisors Inc. now owns 138,700 shares of the financial services provider’s stock worth $8,354,000 after acquiring an additional 42,400 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in Green Brick Partners by 83.0% during the first quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock worth $5,258,000 after purchasing an additional 39,601 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Trading Down 1.6 %

NASDAQ:GRBK opened at $81.55 on Thursday. The company has a 50-day moving average price of $75.56 and a 200-day moving average price of $63.76. Green Brick Partners, Inc. has a 12 month low of $37.31 and a 12 month high of $84.21. The company has a current ratio of 8.28, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 12.39 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.55. The company had revenue of $560.63 million during the quarter, compared to analyst estimates of $501.51 million. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. Green Brick Partners’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. Equities analysts predict that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GRBK. B. Riley upped their price target on shares of Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $60.00 target price (up previously from $53.00) on shares of Green Brick Partners in a report on Monday, August 5th.

Insider Buying and Selling at Green Brick Partners

In other news, Director David Einhorn sold 1,000,000 shares of Green Brick Partners stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $57.80, for a total value of $57,800,000.00. Following the completion of the sale, the director now directly owns 1,302,690 shares in the company, valued at $75,295,482. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 44.40% of the stock is owned by company insiders.

Green Brick Partners Company Profile

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.