Green Brick Partners (GRBK) Downgraded to Sell at BidaskClub

Green Brick Partners (NASDAQ:GRBK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Separately, TheStreet raised shares of Green Brick Partners from a “c+” rating to a “b” rating in a report on Friday, October 27th.

Shares of Green Brick Partners (NASDAQ:GRBK) opened at $11.10 on Thursday. Green Brick Partners has a fifty-two week low of $8.00 and a fifty-two week high of $12.20. The company has a market cap of $561.49, a price-to-earnings ratio of 11.21 and a beta of 1.79.

In other Green Brick Partners news, insider Jed Dolson sold 5,400 shares of Green Brick Partners stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $11.02, for a total transaction of $59,508.00. Following the completion of the sale, the insider now owns 89,583 shares of the company’s stock, valued at approximately $987,204.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 53.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. boosted its position in shares of Green Brick Partners by 1.3% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,270,210 shares of the financial services provider’s stock worth $14,544,000 after purchasing an additional 16,430 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Green Brick Partners by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 839,724 shares of the financial services provider’s stock worth $8,313,000 after purchasing an additional 60,713 shares in the last quarter. State Street Corp boosted its position in shares of Green Brick Partners by 13.4% during the second quarter. State Street Corp now owns 352,441 shares of the financial services provider’s stock worth $4,035,000 after purchasing an additional 41,606 shares in the last quarter. Northern Trust Corp boosted its position in shares of Green Brick Partners by 2.1% during the second quarter. Northern Trust Corp now owns 238,143 shares of the financial services provider’s stock worth $2,727,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Green Brick Partners by 4.7% during the first quarter. Geode Capital Management LLC now owns 207,783 shares of the financial services provider’s stock worth $2,067,000 after purchasing an additional 9,391 shares in the last quarter. 79.65% of the stock is currently owned by institutional investors.

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Green Brick Partners Company Profile

Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.

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