Green Brick Partners Inc. (GRBK) Shares Up -0.5%

green-brick-partners-inc-grbk-shares-up-05.jpg

Shares of Green Brick Partners Inc. (NASDAQ:GRBK) shot up 0.5% during mid-day trading on Tuesday . The stock traded as high as $7.81 and last traded at $7.75, with a volume of 65,212 shares traded. The stock had previously closed at $7.79.
Several brokerages have issued reports on GRBK. JMP Securities began coverage on shares of Green Brick Partners in a research note on Wednesday, June 1st. They issued a “market perform” rating for the company. TheStreet raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $8.00 price objective on shares of Green Brick Partners in a research note on Wednesday, June 29th.
The company has a 50-day moving average price of $7.62 and a 200 day moving average price of $7.33. The company has a market cap of $379.26 million, a price-to-earnings ratio of 22.08 and a beta of 4.26.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/green-brick-partners-inc-grbk-shares-up-0-5.html

In related news, Director Elizabeth Blake bought 20,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was acquired at an average price of $7.59 per share, with a total value of $151,800.00. Following the completion of the purchase, the director now directly owns 76,123 shares of the company’s stock, valued at $577,773.57. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John R. Farris bought 14,200 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $7.44 per share, with a total value of $105,648.00. Following the purchase, the director now directly owns 39,572 shares of the company’s stock, valued at $294,415.68. The disclosure for this purchase can be found here. Insiders own 53.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Green Brick Partners by 1.8% in the second quarter. Vanguard Group Inc. now owns 936,523 shares of the company’s stock worth $6,809,000 after buying an additional 16,277 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Green Brick Partners by 20.2% in the second quarter. Dimensional Fund Advisors LP now owns 626,002 shares of the company’s stock valued at $4,550,000 after buying an additional 105,270 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Green Brick Partners by 11.5% in the second quarter. BlackRock Fund Advisors now owns 599,501 shares of the company’s stock valued at $4,358,000 after buying an additional 61,609 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Green Brick Partners by 56.9% in the second quarter. Punch & Associates Investment Management Inc. now owns 470,000 shares of the company’s stock valued at $3,417,000 after buying an additional 170,408 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Green Brick Partners by 3.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 405,915 shares of the company’s stock valued at $2,951,000 after buying an additional 14,770 shares in the last quarter. 82.31% of the stock is owned by institutional investors and hedge funds.
About Green Brick Partners
Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.

Receive News & Ratings for Green Brick Partners Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Green Brick Partners Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Green Brick Partners Inc. (GRBK) Shares Up -0.5%"

Leave a comment

Your email address will not be published.

*