69,840 Green Brick Partners, Inc. $GRBK Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC cut its Green Brick Partners position by 16%, selling 69,840 shares during the third quarter and retaining 367,209 shares worth approximately $24.3 million.
• Institutional investors own 78.24% of Green Brick Partners, with several firms initiating positions and Fortitude Family Office significantly increasing its holdings.
• Green Brick Partners reported quarterly EPS of $1.70, exceeding the $1.39 consensus estimate, although revenue declined 10.1% year over year. GRBK shares opened at $61.13, near their 52-week low, with a market capitalization of about $2.63 billion.

Annex Advisory Services LLC decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,209 shares of the financial services provider's stock after selling 69,840 shares during the quarter. Annex Advisory Services LLC owned approximately 0.85% of Green Brick Partners worth $24,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GRBK. Integrated Wealth Concepts LLC bought a new stake in Green Brick Partners during the second quarter worth $26,000. Allworth Financial LP bought a new position in Green Brick Partners during the second quarter valued at about $27,000. Fiduciary Financial Advisors purchased a new stake in Green Brick Partners during the second quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new stake in Green Brick Partners during the second quarter worth about $50,000. Finally, Fortitude Family Office LLC increased its holdings in Green Brick Partners by 2,109.1% during the third quarter. Fortitude Family Office LLC now owns 972 shares of the financial services provider's stock worth $64,000 after buying an additional 928 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of GRBK stock opened at $61.13 on Friday. Green Brick Partners, Inc. has a 52 week low of $59.12 and a 52 week high of $83.18. The firm's 50-day simple moving average is $68.36 and its two-hundred day simple moving average is $69.59. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 7.94 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued 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%. The business's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company headquartered in Plano, Texas. The company acquires and develops residential lots, designs and builds homes, and sells properties to homebuyers through a portfolio of regional brands.

Green Brick's homebuilding operations serve markets primarily in Texas and Georgia. Its Texas operations include communities in the Dallas-Fort Worth area and other major Texas markets, while its Georgia operations focus on the Atlanta metropolitan area.

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