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

Assenagon Asset Management S.A. grew its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 206.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 244,537 shares of the financial services provider’s stock after acquiring an additional 164,840 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Green Brick Partners were worth $20,424,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GRBK. Vanguard Group Inc. raised its stake in shares of Green Brick Partners by 12.8% during the first quarter. Vanguard Group Inc. now owns 2,711,140 shares of the financial services provider’s stock valued at $163,292,000 after purchasing an additional 307,304 shares in the last quarter. Annex Advisory Services LLC bought a new stake in shares of Green Brick Partners during the 2nd quarter worth about $10,687,000. Marshall Wace LLP lifted its stake in shares of Green Brick Partners by 195.3% in the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after acquiring an additional 110,680 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Green Brick Partners by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 100,393 shares of the financial services provider’s stock valued at $5,746,000 after acquiring an additional 73,506 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of Green Brick Partners by 83.0% during the first quarter. Kennedy Capital Management LLC now owns 87,305 shares of the financial services provider’s stock valued at $5,258,000 after acquiring an additional 39,601 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wedbush restated a “neutral” rating and issued a $60.00 target price (up from $53.00) on shares of Green Brick Partners in a research report on Monday, August 5th. B. Riley upped their price objective on Green Brick Partners from $62.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, August 2nd.

Green Brick Partners Stock Down 1.1 %

NASDAQ GRBK opened at $74.96 on Friday. Green Brick Partners, Inc. has a 12 month low of $37.31 and a 12 month high of $84.66. The company has a market capitalization of $3.37 billion, a P/E ratio of 11.37 and a beta of 1.80. The company’s 50 day simple moving average is $78.58 and its 200 day simple moving average is $66.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 8.28 and a quick ratio of 0.87.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.32 earnings per share (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 analysts’ expectations 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 was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts expect that Green Brick Partners, Inc. will post 8.35 earnings per share for the current fiscal 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.