Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Kendall Capital Management

Kendall Capital Management lessened its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,068 shares of the financial services provider’s stock after selling 635 shares during the quarter. Kendall Capital Management’s holdings in Green Brick Partners were worth $964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amundi acquired a new position in Green Brick Partners in the 4th quarter worth about $1,326,000. PNC Financial Services Group Inc. raised its holdings in Green Brick Partners by 207.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,149 shares during the period. Edgestream Partners L.P. raised its holdings in Green Brick Partners by 549.1% in the 4th quarter. Edgestream Partners L.P. now owns 90,218 shares of the financial services provider’s stock worth $5,096,000 after purchasing an additional 76,318 shares during the period. Inceptionr LLC raised its holdings in Green Brick Partners by 95.0% in the 4th quarter. Inceptionr LLC now owns 6,782 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 3,304 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Green Brick Partners in the 4th quarter worth about $9,488,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Price Performance

GRBK stock opened at $62.02 on Friday. The business has a fifty day moving average of $59.00 and a two-hundred day moving average of $68.41. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 8.05 and a beta of 1.89. Green Brick Partners, Inc. has a 52-week low of $51.50 and a 52-week high of $84.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JMP Securities reissued 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 target on shares of Green Brick Partners in a research report on Friday, February 28th.

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.