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

Salem Investment Counselors Inc. lessened its position in Green Brick Partners, Inc. (NASDAQ:GRBK) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679,172 shares of the financial services provider’s stock after selling 59,896 shares during the period. Green Brick Partners comprises about 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 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management bought a new position in Green Brick Partners during the third quarter worth about $29,000. Blue Trust Inc. boosted its stake in shares of Green Brick Partners by 43.6% during the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 347 shares during the period. GAMMA Investing LLC boosted its stake 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 worth $147,000 after acquiring an additional 305 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Green Brick Partners in the 3rd quarter valued at $209,000. Finally, nVerses Capital LLC raised its stake in Green Brick Partners by 31.8% in the 3rd quarter. nVerses Capital LLC now owns 2,900 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 700 shares during the period. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities reiterated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Performance

Shares of Green Brick Partners stock traded up $1.11 on Monday, hitting $55.60. The stock had a trading volume of 75,985 shares, compared to its average volume of 252,130. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 7.22 and a beta of 1.84. The business’s 50 day moving average is $64.79 and its two-hundred day moving average is $70.32. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a twelve month low of $48.38 and a twelve month high of $84.66.

Green Brick Partners (NASDAQ:GRBK) last announced 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). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business had revenue of $523.70 million during the quarter, compared to the consensus estimate of $539.86 million. During the same period in the previous year, the firm posted $1.56 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. Analysts forecast that Green Brick Partners, Inc. will post 8.24 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.