Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,264 shares of the financial services provider’s stock after selling 59,273 shares during the quarter. Assenagon Asset Management S.A. owned 0.42% of Green Brick Partners worth $10,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Green Brick Partners in the third quarter worth $1,352,000. Empowered Funds LLC acquired a new stake in shares of Green Brick Partners in the third quarter worth $4,065,000. Principal Financial Group Inc. increased its stake in shares of Green Brick Partners by 15.3% in the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock worth $13,260,000 after acquiring an additional 21,012 shares during the period. Caxton Associates LP acquired a new stake in shares of Green Brick Partners in the second quarter worth $858,000. Finally, Geode Capital Management LLC increased its stake in shares of Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider’s stock worth $59,324,000 after acquiring an additional 59,098 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Down 0.1 %

GRBK stock opened at $59.84 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 7.77 and a beta of 1.84. 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 firm’s fifty day moving average is $63.49 and its 200 day moving average is $70.31. Green Brick Partners, Inc. has a one year low of $48.66 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. On average, research analysts forecast that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

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.