Bank of New York Mellon Corp Sells 6,084 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Bank of New York Mellon Corp decreased its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,284 shares of the financial services provider's stock after selling 6,084 shares during the period. Bank of New York Mellon Corp owned about 0.48% of Green Brick Partners worth $12,553,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GRBK. Sterling Capital Management LLC raised its holdings in 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 purchasing an additional 645 shares in the last quarter. Covestor Ltd lifted its stake in shares of Green Brick Partners by 10,460.0% in the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after acquiring an additional 1,149 shares during the last quarter. Byrne Asset Management LLC increased its stake in Green Brick Partners by 50.7% in the first quarter. Byrne Asset Management LLC now owns 2,170 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 730 shares during the period. Finally, GAMMA Investing LLC grew its stake in Green Brick Partners by 36.8% during the first quarter. GAMMA Investing LLC now owns 2,400 shares of the financial services provider's stock worth $140,000 after buying an additional 646 shares during the last quarter. Institutional investors own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Green Brick Partners in a research note on Monday, June 30th. They issued a "neutral" rating and a $62.00 price objective on the stock.

Green Brick Partners Stock Performance

Shares of GRBK traded down $1.81 during midday trading on Thursday, reaching $65.17. The stock had a trading volume of 31,470 shares, compared to its average volume of 291,258. The firm has a 50 day simple moving average of $62.13 and a 200-day simple moving average of $59.86. Green Brick Partners, Inc. has a one year low of $50.57 and a one year high of $84.66. The firm has a market cap of $2.86 billion, a PE ratio of 8.46 and a beta of 1.85. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.70% and a return on equity of 25.35%. The business's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current 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.