Denali Advisors LLC Has $2.05 Million Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Denali Advisors LLC cut its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 27.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,319 shares of the financial services provider’s stock after selling 13,881 shares during the quarter. Denali Advisors LLC’s holdings in Green Brick Partners were worth $2,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Green Brick Partners by 49.4% in the 3rd quarter. Creative Planning now owns 7,798 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 2,577 shares in the last quarter. Blue Trust Inc. lifted its stake in Green Brick Partners by 43.6% in the 3rd quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 347 shares during the last quarter. Raymond James & Associates boosted its position in Green Brick Partners by 47.6% in the third quarter. Raymond James & Associates now owns 48,965 shares of the financial services provider’s stock valued at $4,090,000 after buying an additional 15,780 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Green Brick Partners by 16.5% during the third quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the financial services provider’s stock worth $1,236,000 after buying an additional 2,100 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Green Brick Partners by 18.6% during the third quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider’s stock worth $1,463,000 after buying an additional 2,744 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Stock Performance

Green Brick Partners stock opened at $57.76 on Thursday. The business has a 50 day moving average of $58.55 and a 200-day moving average of $68.91. The company has a market capitalization of $2.57 billion, a P/E ratio of 7.50 and a beta of 1.84. Green Brick Partners, Inc. has a 1 year low of $50.67 and a 1 year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.