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

Key Points

• Annex Advisory Services LLC trimmed its stake in Green Brick Partners by 8.3% in Q4, selling 48,209 shares and leaving 532,515 shares (about 1.22% of the company) valued at ~$33.37 million per its latest 13F filing.
• Green Brick Partners recently beat quarterly EPS estimates ($1.78 vs. $1.67), and the stock trades with a market cap of ~$2.91 billion, a P/E of 8.76 and a 52-week range of $53.84–$80.97.
• Institutional ownership is high at 78.24%, and several other funds have recently initiated or increased small positions, signaling continued institutional interest.

Annex Advisory Services LLC trimmed its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 532,515 shares of the financial services provider's stock after selling 48,209 shares during the quarter. Annex Advisory Services LLC owned 1.22% of Green Brick Partners worth $33,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new position in Green Brick Partners during the 2nd quarter worth $31,000. Parkside Financial Bank & Trust lifted its position in Green Brick Partners by 1,228.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider's stock worth $34,000 after acquiring an additional 430 shares during the period. Federated Hermes Inc. lifted its position in Green Brick Partners by 195.5% during the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider's stock worth $44,000 after acquiring an additional 391 shares during the period. SBI Securities Co. Ltd. lifted its position in Green Brick Partners by 45.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 863 shares of the financial services provider's stock worth $64,000 after acquiring an additional 270 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Green Brick Partners by 201.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 900 shares of the financial services provider's stock worth $66,000 after acquiring an additional 601 shares during the period. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Stock Performance

Shares of GRBK opened at $67.48 on Wednesday. The stock has a 50-day moving average of $70.03 and a two-hundred day moving average of $68.12. Green Brick Partners, Inc. has a one year low of $53.84 and a one year high of $80.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock has a market cap of $2.91 billion, a P/E ratio of 8.76 and a beta of 1.99.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same quarter in the previous year, the company posted $2.31 earnings per share. The company's revenue was down 2.6% on a year-over-year basis. As a group, research analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

About Green Brick Partners

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.

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