Salem Investment Counselors Inc. Sells 9,528 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Salem Investment Counselors Inc. trimmed its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669,644 shares of the financial services provider’s stock after selling 9,528 shares during the quarter. Green Brick Partners comprises about 1.4% of Salem Investment Counselors Inc.’s portfolio, making the stock its 15th biggest position. Salem Investment Counselors Inc.’s holdings in Green Brick Partners were worth $39,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of Green Brick Partners by 8.3% in the 4th quarter. Bank of Montreal Can now owns 4,033 shares of the financial services provider’s stock valued at $228,000 after buying an additional 310 shares during the period. Handelsbanken Fonder AB raised its stake in Green Brick Partners by 4.4% during the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider’s stock worth $531,000 after buying an additional 400 shares during the period. Cavalier Investments LLC boosted its holdings in Green Brick Partners by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 480 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Green Brick Partners by 4.3% in the fourth quarter. New York State Teachers Retirement System now owns 12,909 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 528 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 645 shares during the period. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Up 0.5%

Green Brick Partners stock opened at $61.06 on Friday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 7.93 and a beta of 1.86. The firm’s fifty day moving average price is $58.67 and its two-hundred day moving average price is $59.78. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. On average, equities research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

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.