Annex Advisory Services LLC Reduces Stock Position in Green Brick Partners, Inc. $GRBK

Annex Advisory Services LLC trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 437,049 shares of the financial services provider’s stock after selling 112,687 shares during the period. Annex Advisory Services LLC’s holdings in Green Brick Partners were worth $34,981,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GRBK. Osterweis Capital Management Inc. acquired a new stake in shares of Green Brick Partners in the 2nd quarter worth approximately $31,000. Clearstead Advisors LLC raised its holdings in Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 458 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Green Brick Partners by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 354 shares in the last quarter. Optiver Holding B.V. grew its holdings in Green Brick Partners by 106,900.0% in the first quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in shares of Green Brick Partners in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Green Brick Partners Trading Up 1.7%

Shares of GRBK stock opened at $71.73 on Wednesday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.32 and a beta of 1.79. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $73.35 and a 200 day moving average price of $70.52. Green Brick Partners, Inc. has a twelve month low of $60.44 and a twelve month high of $83.18.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.31. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. Research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Green Brick Partners Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single?family detached homes, townhomes and multi?family rental communities. Green Brick Partners also offers master?planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.