Assenagon Asset Management S.A. Sells 121,041 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

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

Several other institutional investors have also recently bought and sold shares of GRBK. Bank of Montreal Can grew its stake in shares of Green Brick Partners by 8.3% during the fourth quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 310 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Green Brick Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock valued at $531,000 after buying an additional 400 shares during the last quarter. Cavalier Investments LLC increased its stake in shares of Green Brick Partners by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after buying an additional 480 shares during the period. New York State Teachers Retirement System raised its position in shares of Green Brick Partners by 4.3% during the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider's stock worth $729,000 after acquiring an additional 528 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Green Brick Partners by 758.8% during the fourth 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 last quarter. Institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Trading Down 1.9%

Shares of GRBK traded down $1.13 on Tuesday, reaching $59.03. 224,339 shares of the company's stock were exchanged, compared to its average volume of 359,123. The business has a 50 day moving average price of $58.92 and a two-hundred day moving average price of $59.45. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.59 billion, a P/E ratio of 7.67 and a beta of 1.86. Green Brick Partners, Inc. has a 12 month low of $50.57 and a 12 month high of $84.66.

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

Green Brick Partners Profile

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.