Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 669,644 shares of the financial services provider's stock after selling 9,528 shares during the quarter. Green Brick Partners accounts for 1.4% of Salem Investment Counselors Inc.'s portfolio, making the stock its 15th largest position. Salem Investment Counselors Inc. owned about 1.50% of Green Brick Partners worth $39,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 7,878.6% during the first quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider's stock valued at $8,160,000 after purchasing an additional 138,190 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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 in the last quarter. Bank of America Corp DE boosted its position in Green Brick Partners by 52.5% in 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. Charles Schwab Investment Management Inc. grew its stake in Green Brick Partners by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after acquiring an additional 33,152 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Green Brick Partners in the 4th quarter worth about $9,488,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Green Brick Partners Stock Up 1.1%

Shares of NASDAQ GRBK traded up $0.66 during mid-day trading on Monday, reaching $60.14. 210,699 shares of the company were exchanged, compared to its average volume of 359,662. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. The firm has a 50-day moving average of $58.79 and a 200 day moving average of $59.53. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 7.81 and a beta of 1.86. 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 (NASDAQ:GRBK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the business earned $1.82 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. On average, research analysts expect 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.