Green Brick Partners (NASDAQ:GRBK) Sets New 1-Year Low – Here’s What Happened

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) reached a new 52-week low on Wednesday . The stock traded as low as $50.57 and last traded at $52.19, with a volume of 79306 shares. The stock had previously closed at $53.49.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners Price Performance

The stock has a market capitalization of $2.33 billion, a PE ratio of 6.85 and a beta of 1.82. The firm’s fifty day moving average price is $58.98 and its two-hundred day moving average price is $65.30. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Green Brick Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in Green Brick Partners by 1,342.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider’s stock valued at $16,365,000 after acquiring an additional 269,615 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Green Brick Partners during the fourth quarter valued at approximately $9,488,000. WCM Investment Management LLC bought a new position in Green Brick Partners in the fourth quarter worth approximately $8,053,000. GAMMA Investing LLC boosted its stake in shares of Green Brick Partners by 7,878.6% during the 1st quarter. GAMMA Investing LLC now owns 139,944 shares of the financial services provider’s stock worth $8,160,000 after acquiring an additional 138,190 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Green Brick Partners by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock valued at $24,437,000 after acquiring an additional 118,858 shares during the period. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

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.