Green Brick Partners, Inc. Buyback
OLI recorded this information on 10/8/2018
Company:
Green Brick Partners, Inc.
Buyback:
GRBK buyback
$Amount Authorized:
$30,000,000
Buyback Details:
Green Brick Partners, Inc. (NASDAQ: GRBK) (the "Company") announced today that the Company's Board of Directors authorized a share repurchase program for the period beginning on October 3, 2018 and ending on October 3, 2020 of the Company's common stock for an aggregate price not to exceed $30,000,000. The timing, volume and nature of share repurchases will be at the discretion of management and dependent on market conditions, corporate and regulatory requirements and other factors, and may be suspended or discontinued at any time. The authorized repurchases will be made from time to time in the open market, through block trades or in privately negotiated transactions. No assurance can be given that any particular amount of common stock will be repurchased. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. This repurchase program may be modified, extended or terminated by the Board of Directors at any time. The Company intends to finance the repurchases with available cash and proceeds from borrowings under lines of credit.
Green Brick Partners is a homebuilding and land development company. Co. acquires and develops land and builds homes through its builders. Co. also owns a noncontrolling interest in a builder in Colorado Springs, CO. Co. is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, title and mortgage services, marketing and sales and the creation of brand images at its residential neighborhoods and communities. Co. sells finished lots to its subsidiary builders or option lots from third-party developers for its builders' homebuilding operations and provides them with construction funding and strategic planning.
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Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: GRBK Stock Forecast Based on Zacks ABR data; powered by Xignite |
