Green Brick Partners, Inc. (NASDAQ:GRBK) shares gapped up before the market opened on Thursday . The stock had previously closed at $26.21, but opened at $26.91. Green Brick Partners shares last traded at $27.68, with a volume of 2,113 shares traded.
A number of equities research analysts have recently weighed in on the company. Wedbush assumed coverage on Green Brick Partners in a report on Monday, December 6th. They set an “outperform” rating and a $33.00 target price for the company. JPMorgan Chase & Co. downgraded Green Brick Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $28.00 in a report on Thursday, October 14th. Zacks Investment Research raised Green Brick Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 5th. Finally, B. Riley dropped their price target on Green Brick Partners from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Green Brick Partners currently has an average rating of “Buy” and an average price target of $32.00.
The company has a quick ratio of 0.20, a current ratio of 4.02 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $28.01 and a 200 day moving average of $25.06. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 8.41 and a beta of 1.46.
In other news, Director Richard S. Press sold 5,000 shares of the business’s stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $30.05, for a total transaction of $150,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 53.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new stake in Green Brick Partners in the fourth quarter valued at approximately $668,000. UBS Asset Management Americas Inc. boosted its holdings in Green Brick Partners by 7.3% in the third quarter. UBS Asset Management Americas Inc. now owns 15,334 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 1,037 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Green Brick Partners by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 188,340 shares of the financial services provider’s stock valued at $3,866,000 after acquiring an additional 13,183 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Green Brick Partners by 0.7% in the third quarter. Summit Trail Advisors LLC now owns 55,677 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 407 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Green Brick Partners by 8.0% in the third quarter. BNP Paribas Arbitrage SA now owns 80,252 shares of the financial services provider’s stock valued at $1,647,000 after acquiring an additional 5,931 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.
About Green Brick Partners (NASDAQ:GRBK)
Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.
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