Annex Advisory Services LLC Buys 28,177 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Annex Advisory Services LLC boosted its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,886 shares of the financial services provider’s stock after purchasing an additional 28,177 shares during the period. Annex Advisory Services LLC owned 0.48% of Green Brick Partners worth $17,947,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Green Brick Partners in the 2nd quarter valued at approximately $48,000. GAMMA Investing LLC grew its position in shares of Green Brick Partners by 37.4% in the 1st quarter. GAMMA Investing LLC now owns 1,577 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 429 shares during the period. nVerses Capital LLC increased its stake in shares of Green Brick Partners by 1,000.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 2,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Green Brick Partners in the 1st quarter valued at about $233,000. Finally, SageView Advisory Group LLC acquired a new stake in Green Brick Partners in the 1st quarter valued at about $242,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Stock Up 3.2 %

Shares of GRBK opened at $79.39 on Friday. The firm has a market cap of $3.57 billion, a P/E ratio of 12.05 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 52 week low of $37.31 and a 52 week high of $84.21. The firm’s 50-day simple moving average is $76.53 and its 200 day simple moving average is $64.92.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $1.77 by $0.55. The company had revenue of $560.63 million for the quarter, compared to the consensus estimate of $501.51 million. Green Brick Partners had a return on equity of 25.42% and a net margin of 17.78%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. On average, analysts forecast that Green Brick Partners, Inc. will post 8.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GRBK has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th. B. Riley increased their price target on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

About Green Brick Partners

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St.