Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,614 shares of the financial services provider's stock, valued at approximately $261,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Green Brick Partners during the 4th quarter worth $57,000. Nisa Investment Advisors LLC lifted its holdings in shares of Green Brick Partners by 26.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after purchasing an additional 289 shares during the period. PNC Financial Services Group Inc. grew its position in Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after buying an additional 1,149 shares during the last quarter. KBC Group NV increased its stake in Green Brick Partners by 93.9% in the 4th quarter. KBC Group NV now owns 1,803 shares of the financial services provider's stock valued at $102,000 after buying an additional 873 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in Green Brick Partners in the 4th quarter valued at $226,000. 78.24% of the stock is owned by hedge funds and other institutional investors.
Green Brick Partners Price Performance
Shares of NASDAQ:GRBK traded up $0.03 on Thursday, reaching $59.56. 176,096 shares of the company were exchanged, compared to its average volume of 366,744. The company has a 50-day moving average of $59.73 and a 200-day moving average of $66.76. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 7.74 and a beta of 1.89. Green Brick Partners, Inc. has a 1-year low of $51.76 and a 1-year high of $84.66.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GRBK. Wedbush reaffirmed a "neutral" rating and issued a $70.00 target price on shares of Green Brick Partners in a report on Friday, February 28th. JMP Securities reaffirmed a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.
Check Out Our Latest Report on GRBK
Green Brick Partners Profile
(
Free Report)
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.
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