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

Annex Advisory Services LLC raised its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 72.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 469,955 shares of the financial services provider's stock after buying an additional 198,024 shares during the quarter. Annex Advisory Services LLC owned about 1.06% of Green Brick Partners worth $27,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Green Brick Partners by 7,878.6% in the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock worth $8,160,000 after buying an additional 138,190 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of Green Brick Partners in the fourth quarter worth approximately $200,000. Invst LLC increased its position in shares of Green Brick Partners by 7.9% in the fourth quarter. Invst LLC now owns 12,139 shares of the financial services provider's stock worth $686,000 after purchasing an additional 893 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Green Brick Partners by 5.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,834 shares of the financial services provider's stock worth $3,437,000 after purchasing an additional 2,986 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Green Brick Partners by 65.3% in the fourth quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider's stock worth $10,936,000 after purchasing an additional 76,482 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Price Performance

GRBK traded down $0.89 during midday trading on Friday, hitting $58.79. The stock had a trading volume of 205,310 shares, compared to its average volume of 365,204. The company has a market cap of $2.58 billion, a P/E ratio of 7.63 and a beta of 1.86. The business has a fifty day moving average of $58.37 and a 200 day moving average of $59.92. 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, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) 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%. Green Brick Partners's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 earnings per share. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

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.