Assenagon Asset Management S.A. Has $3.75 Million Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Assenagon Asset Management S.A. decreased its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 65.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,223 shares of the financial services provider's stock after selling 121,041 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.14% of Green Brick Partners worth $3,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in 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 worth $41,000 after acquiring an additional 645 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Green Brick Partners in the 4th quarter worth $57,000. Covestor Ltd grew its stake in shares of Green Brick Partners by 10,460.0% during the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock worth $90,000 after purchasing an additional 1,569 shares during the period. PNC Financial Services Group Inc. increased its holdings in Green Brick Partners by 207.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 1,149 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Green Brick Partners by 36.8% in the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock valued at $140,000 after buying an additional 646 shares during the period. Institutional investors own 78.24% of the company's stock.

Analysts Set New Price Targets

Separately, Wedbush restated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a report on Friday, February 28th.

Green Brick Partners Trading Up 0.8%

GRBK stock traded up $0.45 during midday trading on Thursday, hitting $59.51. 175,411 shares of the company's stock were exchanged, compared to its average volume of 357,572. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. 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 company has a market cap of $2.61 billion, a PE ratio of 7.73 and a beta of 1.86. The stock's fifty day moving average price is $59.04 and its 200-day moving average price is $59.44.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm earned $1.82 EPS. The company's quarterly revenue was up 11.2% on a year-over-year basis. Research analysts predict 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.