Y Intercept Hong Kong Ltd Buys New Stake in Green Brick Partners, Inc. (NASDAQ:GRBK)

Y Intercept Hong Kong Ltd purchased a new stake 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 (SEC). The fund purchased 5,569 shares of the financial services provider's stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Green Brick Partners during the 3rd quarter valued at $1,352,000. Empowered Funds LLC bought a new stake in shares of Green Brick Partners during the 3rd quarter worth about $4,065,000. Principal Financial Group Inc. increased its holdings in shares of Green Brick Partners by 15.3% during 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 acquiring an additional 21,012 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Green Brick Partners by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock valued at $59,324,000 after acquiring an additional 59,098 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Green Brick Partners by 19.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,472 shares of the financial services provider's stock valued at $30,441,000 after acquiring an additional 58,935 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Performance

Shares of GRBK stock traded down $0.09 during trading hours on Friday, reaching $62.06. 126,479 shares of the company's stock were exchanged, compared to its average volume of 316,622. The business has a fifty day moving average price of $58.89 and a 200-day moving average price of $68.51. The stock has a market capitalization of $2.76 billion, a P/E ratio of 8.07 and a beta of 1.84. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a fifty-two week low of $51.50 and a fifty-two week high of $84.66.

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Analyst Upgrades and Downgrades

GRBK has been the topic of several analyst reports. JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. 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.

Green Brick Partners 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.