Stone Ridge Asset Management LLC Takes $169,000 Position in Green Brick Partners Inc (GRBK)

Stone Ridge Asset Management LLC purchased a new position in Green Brick Partners Inc (NASDAQ:GRBK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,994 shares of the financial services provider’s stock, valued at approximately $169,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GRBK. AWH Capital L.P. bought a new position in shares of Green Brick Partners in the fourth quarter worth approximately $7,945,000. Ariel Investments LLC boosted its position in shares of Green Brick Partners by 15.3% in the fourth quarter. Ariel Investments LLC now owns 964,341 shares of the financial services provider’s stock worth $10,897,000 after purchasing an additional 127,793 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Green Brick Partners by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 839,724 shares of the financial services provider’s stock worth $8,313,000 after purchasing an additional 60,713 shares during the period. Vident Investment Advisory LLC bought a new position in shares of Green Brick Partners in the third quarter worth approximately $262,000. Finally, BlackRock Inc. boosted its position in shares of Green Brick Partners by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,304,510 shares of the financial services provider’s stock worth $14,741,000 after purchasing an additional 17,819 shares during the period. Institutional investors and hedge funds own 81.50% of the company’s stock.

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In related news, Director John R. Farris bought 25,000 shares of the stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $10.13 per share, with a total value of $253,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 53.50% of the stock is currently owned by insiders.

GRBK stock opened at $10.55 on Friday. Green Brick Partners Inc has a one year low of $8.20 and a one year high of $12.20. The firm has a market capitalization of $533.82, a PE ratio of 10.99 and a beta of 1.53.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Monday, March 12th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Green Brick Partners had a return on equity of 11.17% and a net margin of 3.29%. The company had revenue of $136.38 million during the quarter.

Several research firms have recently commented on GRBK. BidaskClub downgraded shares of Green Brick Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. JMP Securities raised shares of Green Brick Partners from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Tuesday, February 20th.

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Green Brick Partners 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.

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Institutional Ownership by Quarter for Green Brick Partners (NASDAQ:GRBK)

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