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

Key Points

• Annex Advisory Services LLC increased its stake in Green Brick Partners by 16.3% during the second quarter, now holding 546,427 shares valued at $34.36 million.
• Green Brick Partners reported a decrease in revenue of 2.1% year-over-year and earnings per share (EPS) of $1.85, missing expectations by $0.09.
• Institutional investors own 78.24% of Green Brick Partners' stock, indicating strong institutional interest in the company.

Annex Advisory Services LLC lifted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,427 shares of the financial services provider's stock after purchasing an additional 76,472 shares during the period. Annex Advisory Services LLC owned 1.24% of Green Brick Partners worth $34,359,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GRBK. Ameriprise Financial Inc. raised its position in shares of Green Brick Partners by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 110,320 shares of the financial services provider's stock valued at $6,232,000 after buying an additional 4,746 shares during the period. Bank of America Corp DE raised its position in shares of Green Brick Partners by 52.5% during the 4th quarter. Bank of America Corp DE now owns 89,055 shares of the financial services provider's stock valued at $5,031,000 after buying an additional 30,677 shares during the period. Cetera Investment Advisers raised its position in shares of Green Brick Partners by 73.7% during the 4th quarter. Cetera Investment Advisers now owns 4,246 shares of the financial services provider's stock valued at $240,000 after buying an additional 1,801 shares during the period. Deutsche Bank AG raised its position in shares of Green Brick Partners by 41.9% during the 4th quarter. Deutsche Bank AG now owns 31,672 shares of the financial services provider's stock valued at $1,789,000 after buying an additional 9,348 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Green Brick Partners by 8.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,563 shares of the financial services provider's stock valued at $1,614,000 after buying an additional 2,323 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Insider Transactions at Green Brick Partners

In other news, COO Jed Dolson sold 15,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the sale, the chief operating officer owned 258,605 shares of the company's stock, valued at approximately $17,781,679.80. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.70% of the stock is currently owned by insiders.

Green Brick Partners Trading Down 0.1%

NASDAQ GRBK traded down $0.10 on Tuesday, reaching $69.70. The stock had a trading volume of 97,538 shares, compared to its average volume of 283,855. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 9.06 and a beta of 1.89. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. The stock has a fifty day moving average price of $68.46 and a two-hundred day moving average price of $62.79.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 earnings per share. As a group, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on shares of Green Brick Partners in a research report on Monday, June 30th. They set a "neutral" rating and a $62.00 price target on the stock. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Green Brick Partners presently has an average rating of "Hold" and a consensus price target of $66.00.

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.