Assenagon Asset Management S.A. Has $20.42 Million Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Assenagon Asset Management S.A. increased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 206.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,537 shares of the financial services provider's stock after buying an additional 164,840 shares during the period. Assenagon Asset Management S.A. owned 0.54% of Green Brick Partners worth $20,424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC lifted its position in shares of Green Brick Partners by 2.2% in the second quarter. Lakewood Asset Management LLC now owns 7,526 shares of the financial services provider's stock worth $431,000 after buying an additional 160 shares during the last quarter. Inspire Investing LLC lifted its holdings in Green Brick Partners by 3.7% in the 2nd quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider's stock worth $351,000 after purchasing an additional 221 shares during the last quarter. TBH Global Asset Management LLC boosted its position in Green Brick Partners by 3.2% during the first quarter. TBH Global Asset Management LLC now owns 8,941 shares of the financial services provider's stock worth $539,000 after purchasing an additional 279 shares during the period. Texas Permanent School Fund Corp boosted its position in Green Brick Partners by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 22,240 shares of the financial services provider's stock worth $1,340,000 after purchasing an additional 288 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Green Brick Partners by 20.9% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 305 shares during the period. Institutional investors own 78.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush reiterated a "neutral" rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley raised their price target on Green Brick Partners from $62.00 to $78.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd.

Green Brick Partners Stock Performance

Shares of GRBK traded down $0.81 during mid-day trading on Friday, hitting $74.96. The company's stock had a trading volume of 340,089 shares, compared to its average volume of 389,445. The stock's 50-day moving average is $78.58 and its two-hundred day moving average is $66.34. The firm has a market capitalization of $3.37 billion, a PE ratio of 11.37 and a beta of 1.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 8.28. Green Brick Partners, Inc. has a one year low of $37.31 and a one year high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.55. Green Brick Partners had a net margin of 17.78% and a return on equity of 25.42%. The firm had revenue of $560.63 million during the quarter, compared to the consensus estimate of $501.51 million. During the same period in the prior year, the firm earned $1.63 EPS. The business's revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.35 EPS for the current year.

Green Brick Partners Company 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.