Insiders Seeing Green With GRBK At New 52-Week High

In trading on Monday, shares of Green Brick Partners Inc (GRBK) touched a new 52-week high of $8.75/share. That's a 84.21% rise, or $4 per share from the 52-week low of $4.75 set back on 02/11/2016. That means at today's intraday high, any investor who purchased GRBK stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, GRBK has seen 3 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
05/23/2016 Richard S. Press Director 10,000 $7.05 $70,499.50
08/11/2016 Elizabeth Blake Director 20,000 $7.59 $151,772.00
08/12/2016 John R. Farris Director 14,200 $7.45 $105,718.80

The chart below shows where GRBK has traded over the past year, with the 50-day and 200-day moving averages included.

Green Brick Partners Inc Moving Averages Chart

In afternoon trading on Monday, GRBK shares are changing hands at $8.45/share, slightly below the new 52-week high.

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