Proficio Capital Partners LLC Acquires Shares of 20,393 Green Brick Partners, Inc. (NASDAQ:GRBK)

Proficio Capital Partners LLC purchased a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,393 shares of the financial services provider's stock, valued at approximately $1,152,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cavalier Investments LLC boosted its position in Green Brick Partners by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider's stock valued at $683,000 after buying an additional 480 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Green Brick Partners by 25.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 17,588 shares of the financial services provider's stock valued at $994,000 after purchasing an additional 3,586 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Green Brick Partners in the 4th quarter valued at $315,000. Handelsbanken Fonder AB raised 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 valued at $531,000 after purchasing an additional 400 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its holdings in shares of Green Brick Partners by 12.1% in the 4th quarter. LMG Wealth Partners LLC now owns 20,790 shares of the financial services provider's stock valued at $1,174,000 after purchasing an additional 2,239 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

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Green Brick Partners Stock Down 0.2 %

NASDAQ:GRBK traded down $0.13 during midday trading on Friday, hitting $62.02. 364,448 shares of the company were exchanged, compared to its average volume of 322,306. The company has a fifty day simple moving average of $59.00 and a 200 day simple moving average of $68.41. Green Brick Partners, Inc. has a fifty-two week low of $51.50 and a fifty-two week high of $84.66. 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 market capitalization of $2.76 billion, a PE ratio of 8.05 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GRBK shares. JMP Securities restated a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. Wedbush restated a "neutral" rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th.

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.