Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 22.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,259 shares of the financial services provider's stock after selling 13,123 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Green Brick Partners worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GRBK. Price T Rowe Associates Inc. MD raised its position in Green Brick Partners by 6.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock valued at $31,932,000 after purchasing an additional 36,239 shares in the last quarter. Annex Advisory Services LLC raised its position in Green Brick Partners by 72.8% during the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider's stock valued at $27,403,000 after purchasing an additional 198,024 shares in the last quarter. Northern Trust Corp raised its position in Green Brick Partners by 6.1% during the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock valued at $19,526,000 after purchasing an additional 19,752 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Green Brick Partners by 1,342.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock valued at $16,365,000 after purchasing an additional 269,615 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Green Brick Partners by 1.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 224,209 shares of the financial services provider's stock valued at $13,074,000 after purchasing an additional 3,687 shares in the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded up $2.20 during trading on Friday, reaching $64.14. 131,366 shares of the company traded hands, compared to its average volume of 292,426. The firm's fifty day simple moving average is $62.60 and its 200 day simple moving average is $60.27. The stock has a market cap of $2.82 billion, a P/E ratio of 8.33 and a beta of 1.85. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month high of $84.66. 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 earnings results on Wednesday, July 30th. The financial services provider reported $1.85 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%. During the same period last year, the firm earned $2.32 EPS. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Green Brick Partners in a report on Monday, June 30th. They set a "neutral" rating and a $62.00 target price for the company.

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.