Kennondale Capital Management LLC Takes $1.26 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Kennondale Capital Management LLC purchased 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 13F filing with the Securities and Exchange Commission. The firm purchased 22,234 shares of the financial services provider's stock, valued at approximately $1,256,000. Green Brick Partners comprises 1.0% of Kennondale Capital Management LLC's holdings, making the stock its 27th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in GRBK. Oppenheimer & Co. Inc. purchased a new position in Green Brick Partners during the 3rd quarter worth approximately $1,352,000. Empowered Funds LLC purchased a new position in Green Brick Partners during the 3rd quarter worth approximately $4,065,000. Mutual of America Capital Management LLC grew its stake in Green Brick Partners by 11.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,617 shares of the financial services provider's stock worth $386,000 after buying an additional 481 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Green Brick Partners by 15.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,110 shares of the financial services provider's stock worth $2,014,000 after buying an additional 3,222 shares during the last quarter. Finally, Swiss National Bank grew its stake in Green Brick Partners by 6.1% during the 3rd quarter. Swiss National Bank now owns 65,800 shares of the financial services provider's stock worth $5,496,000 after buying an additional 3,800 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Remove Ads

Green Brick Partners Stock Performance

Shares of GRBK stock traded down $1.27 during midday trading on Friday, hitting $57.36. The company had a trading volume of 848,492 shares, compared to its average volume of 367,430. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The company's 50 day simple moving average is $59.64 and its 200 day simple moving average is $67.15. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 7.45 and a beta of 1.89. Green Brick Partners, Inc. has a 52-week low of $51.76 and a 52-week high of $84.66.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GRBK. Wedbush reiterated a "neutral" rating and issued a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th. JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.