Annex Advisory Services LLC Grows Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Annex Advisory Services LLC grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 72.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 469,955 shares of the financial services provider's stock after purchasing an additional 198,024 shares during the quarter. Annex Advisory Services LLC owned approximately 1.06% of Green Brick Partners worth $27,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of Green Brick Partners by 8.3% during the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 310 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Green Brick Partners by 4.4% during the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after acquiring an additional 400 shares during the period. Cavalier Investments LLC grew its stake in shares of Green Brick Partners by 4.1% during the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after acquiring an additional 480 shares during the period. New York State Teachers Retirement System grew its stake in shares of Green Brick Partners by 4.3% during the 4th quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock valued at $729,000 after acquiring an additional 528 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 645 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

GRBK stock traded up $0.11 during midday trading on Thursday, hitting $59.69. The company's stock had a trading volume of 217,557 shares, compared to its average volume of 366,001. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 7.75 and a beta of 1.94. The company has a 50 day moving average of $58.37 and a two-hundred day moving average of $60.12.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same period in the prior year, the company earned $1.82 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated a "neutral" rating and set a $70.00 price objective on shares of Green Brick Partners in a research note on Friday, February 28th.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.