Salem Investment Counselors Inc. Sells 59,896 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Salem Investment Counselors Inc. cut its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 679,172 shares of the financial services provider's stock after selling 59,896 shares during the quarter. Green Brick Partners accounts for 1.3% of Salem Investment Counselors Inc.'s portfolio, making the stock its 15th largest holding. Salem Investment Counselors Inc. owned 1.53% of Green Brick Partners worth $38,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GRBK. Commonwealth Equity Services LLC raised its stake in Green Brick Partners by 32.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,416 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 1,085 shares during the period. Rhumbline Advisers lifted its stake in Green Brick Partners by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 88,850 shares of the financial services provider's stock worth $5,086,000 after acquiring an additional 7,672 shares in the last quarter. Victory Capital Management Inc. boosted its position in Green Brick Partners by 88.0% during the 2nd quarter. Victory Capital Management Inc. now owns 60,093 shares of the financial services provider's stock worth $3,440,000 after acquiring an additional 28,131 shares during the period. American Century Companies Inc. grew its stake in Green Brick Partners by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 591,085 shares of the financial services provider's stock valued at $33,834,000 after acquiring an additional 2,875 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of Green Brick Partners by 45.8% in the 2nd quarter. WINTON GROUP Ltd now owns 7,830 shares of the financial services provider's stock valued at $448,000 after purchasing an additional 2,461 shares during the period. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Up 2.7 %

GRBK traded up $1.45 during trading on Monday, reaching $55.94. 273,584 shares of the stock traded hands, compared to its average volume of 281,283. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $84.66. The stock's 50-day simple moving average is $64.79 and its two-hundred day simple moving average is $70.32. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 7.26 and a beta of 1.84.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company's quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 EPS. As a group, equities research analysts expect that Green Brick Partners, Inc. will post 8.24 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a "market perform" rating on shares of Green Brick Partners in a 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.