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

Assenagon Asset Management S.A. lessened its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) 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 period. Assenagon Asset Management S.A. owned approximately 0.42% of Green Brick Partners worth $10,466,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GRBK. Hollencrest Capital Management purchased a new position in Green Brick Partners during the third quarter worth $29,000. Blue Trust Inc. raised its holdings in Green Brick Partners by 43.6% in the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider's stock valued at $95,000 after buying an additional 347 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after acquiring an additional 305 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Green Brick Partners in the third quarter valued at about $209,000. Finally, nVerses Capital LLC raised its stake in shares of Green Brick Partners by 31.8% during the third quarter. nVerses Capital LLC now owns 2,900 shares of the financial services provider's stock valued at $242,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 78.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Green Brick Partners Stock Performance

Shares of GRBK traded down $0.07 during mid-day trading on Friday, hitting $59.84. The stock had a trading volume of 368,655 shares, compared to its average volume of 283,317. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.66 billion, a PE ratio of 7.08 and a beta of 1.84. Green Brick Partners, Inc. has a fifty-two week low of $48.66 and a fifty-two week high of $84.66. The company's fifty day simple moving average is $63.49 and its two-hundred day simple moving average is $70.31.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The business's revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. On average, equities analysts expect that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

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.