KLP Kapitalforvaltning AS bought a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,800 shares of the financial services provider's stock, valued at approximately $384,000.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Green Brick Partners during the fourth quarter worth about $57,000. Nisa Investment Advisors LLC raised its position in shares of 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 valued at $79,000 after buying an additional 289 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock worth $96,000 after acquiring an additional 1,149 shares during the period. KBC Group NV boosted its position in shares of Green Brick Partners by 93.9% during the 4th quarter. KBC Group NV now owns 1,803 shares of the financial services provider's stock worth $102,000 after acquiring an additional 873 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in Green Brick Partners in the fourth quarter valued at approximately $226,000. 78.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wedbush restated a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th.
Get Our Latest Research Report on Green Brick Partners
Green Brick Partners Price Performance
Green Brick Partners stock traded up $2.77 during midday trading on Wednesday, reaching $56.26. The company's stock had a trading volume of 639,065 shares, compared to its average volume of 380,485. 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 stock has a market cap of $2.50 billion, a PE ratio of 7.31 and a beta of 1.82. Green Brick Partners, Inc. has a 52 week low of $50.99 and a 52 week high of $84.66. The business has a 50-day moving average price of $58.77 and a 200-day moving average price of $65.06.
About Green Brick Partners
(
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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