Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,031 shares of the financial services provider's stock after selling 22,789 shares during the quarter. First Trust Advisors LP owned 0.09% of Green Brick Partners worth $2,148,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GRBK. Sterling Capital Management LLC increased its position in shares of Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Green Brick Partners in the fourth quarter valued at approximately $57,000. Nisa Investment Advisors LLC increased its position in shares of Green Brick Partners by 26.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after buying an additional 289 shares in the last quarter. Covestor Ltd increased its position in shares of Green Brick Partners by 10,460.0% in the fourth quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after buying an additional 1,569 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Green Brick Partners by 207.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after buying an additional 1,149 shares in the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Green Brick Partners Price Performance

Shares of NASDAQ:GRBK traded down $0.51 during trading on Friday, reaching $60.12. The stock had a trading volume of 181,146 shares, compared to its average volume of 374,949. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The business has a fifty day moving average price of $58.04 and a 200-day moving average price of $61.48. The stock has a market cap of $2.64 billion, a PE ratio of 7.81 and a beta of 1.94. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 25.35% and a net margin of 17.70%. Green Brick Partners's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.82 earnings per share. On average, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated 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 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.