Denali Advisors LLC Cuts Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Denali Advisors LLC decreased its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,319 shares of the financial services provider's stock after selling 13,881 shares during the period. Denali Advisors LLC owned approximately 0.08% of Green Brick Partners worth $2,052,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Lakewood Asset Management LLC lifted its stake in shares of Green Brick Partners by 2.4% in the fourth quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider's stock worth $467,000 after buying an additional 193 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock worth $79,000 after acquiring an additional 289 shares during the last quarter. Blue Trust Inc. lifted its position in Green Brick Partners by 43.6% in the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider's stock valued at $95,000 after acquiring an additional 347 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Green Brick Partners during the 3rd quarter valued at $29,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Green Brick Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider's stock worth $531,000 after purchasing an additional 400 shares in the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

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Green Brick Partners Stock Performance

GRBK traded down $1.45 during mid-day trading on Friday, reaching $59.75. 743,330 shares of the company traded hands, compared to its average volume of 311,132. The stock has a market capitalization of $2.66 billion, a P/E ratio of 7.76 and a beta of 1.84. Green Brick Partners, Inc. has a 52-week low of $50.67 and a 52-week high of $84.66. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company's fifty day moving average price is $58.69 and its 200-day moving average price is $68.79.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GRBK. JMP Securities reaffirmed a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. Wedbush restated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a research note on Friday.

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.