Shikiar Asset Management Inc. acquired a new stake in shares of Green Brick Partners Inc (NASDAQ:GRBK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,200 shares of the financial services provider’s stock, valued at approximately $120,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY purchased a new position in Green Brick Partners during the fourth quarter valued at $105,000. MetLife Investment Advisors LLC purchased a new position in Green Brick Partners during the fourth quarter valued at $152,000. Stone Ridge Asset Management LLC purchased a new position in Green Brick Partners during the fourth quarter valued at $169,000. Wells Fargo & Company MN lifted its holdings in Green Brick Partners by 15.8% during the fourth quarter. Wells Fargo & Company MN now owns 35,957 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Third Avenue Management LLC purchased a new position in Green Brick Partners during the second quarter valued at $490,000. 81.56% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. BidaskClub downgraded shares of Green Brick Partners from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Citigroup increased their target price on shares of Green Brick Partners from $11.50 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, June 20th.
Shares of Green Brick Partners opened at $9.65 on Monday, according to Marketbeat. The stock has a market capitalization of $489.45 million, a PE ratio of 9.28 and a beta of 1.57. Green Brick Partners Inc has a 52 week low of $8.90 and a 52 week high of $12.50.
In other Green Brick Partners news, CAO Summer Loveland bought 5,300 shares of Green Brick Partners stock in a transaction dated Wednesday, June 27th. The stock was acquired at an average cost of $9.47 per share, for a total transaction of $50,191.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,300 shares of the company’s stock, valued at $50,191. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John R. Farris sold 14,200 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $10.89, for a total transaction of $154,638.00. Following the completion of the sale, the director now owns 73,787 shares of the company’s stock, valued at $803,540.43. The disclosure for this sale can be found here. Insiders bought 60,900 shares of company stock valued at $577,111 over the last quarter. Company insiders own 52.00% of the company’s stock.
Green Brick Partners Company Profile
Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.
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