Green Brick Partners Inc (NASDAQ:GRBK) issued its quarterly earnings results on Monday. The financial services provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.11. The firm had revenue of $99.34 million for the quarter, compared to analyst estimates of $113.90 million. Green Brick Partners had a net margin of 6.00% and a return on equity of 9.00%. Green Brick Partners’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS.
In other news, CFO Richard Arthur Costello sold 6,000 shares of Green Brick Partners stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $9.75, for a total value of $58,500.00. Following the transaction, the chief financial officer now directly owns 10,298 shares of the company’s stock, valued at $100,405.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth Blake bought 20,000 shares of the company’s stock in a transaction dated Tuesday, March 21st. The stock was purchased at an average cost of $9.49 per share, for a total transaction of $189,800.00. Following the completion of the transaction, the director now owns 94,123 shares of the company’s stock, valued at $893,227.27. The disclosure for this purchase can be found here. Company insiders own 53.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of GRBK. Punch & Associates Investment Management Inc. boosted its stake in Green Brick Partners by 12.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,253,780 shares of the financial services provider’s stock valued at $12,475,000 after buying an additional 139,315 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 valued at $7,509,000 after buying an additional 33,283 shares in the last quarter. Ariel Investments LLC boosted its stake in 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 valued at $4,977,000 after buying an additional 105,600 shares in the last quarter. State Street Corp boosted its stake in Green Brick Partners by 4.0% in the fourth quarter. State Street Corp now owns 303,262 shares of the financial services provider’s stock valued at $3,047,000 after buying an additional 11,781 shares in the last quarter. Finally, Ranger Investment Management L.P. boosted 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 financial services provider’s stock valued at $2,177,000 after buying an additional 36,494 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.
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About Green Brick Partners
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.
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