Proficio Capital Partners LLC Makes New Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Proficio Capital Partners LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,393 shares of the financial services provider's stock, valued at approximately $1,152,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Green Brick Partners by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after purchasing an additional 21,012 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Green Brick Partners by 9.1% in the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock worth $59,324,000 after buying an additional 59,098 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Green Brick Partners by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after acquiring an additional 33,152 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Green Brick Partners by 177.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,644 shares of the financial services provider's stock valued at $4,898,000 after acquiring an additional 37,503 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Green Brick Partners during the fourth quarter worth approximately $315,000. 78.24% of the stock is owned by institutional investors.

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Green Brick Partners Stock Performance

GRBK traded up $2.09 during midday trading on Monday, reaching $59.58. The company's stock had a trading volume of 225,575 shares, compared to its average volume of 367,440. 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 company has a fifty day simple moving average of $59.64 and a 200 day simple moving average of $67.03. The stock has a market cap of $2.65 billion, a P/E ratio of 7.74 and a beta of 1.89. Green Brick Partners, Inc. has a twelve month low of $51.76 and a twelve month high of $84.66.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GRBK. Wedbush reissued a "neutral" rating and issued a $70.00 price target on shares of Green Brick Partners in a research report on Friday, February 28th. JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

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.