Green Brick Partners (NASDAQ:GRBK) Shares Gap Up – Still a Buy?

Green Brick Partners, Inc. (NASDAQ:GRBK) gapped up before the market opened on Thursday . The stock had previously closed at $57.84, but opened at $63.72. Green Brick Partners shares last traded at $64.13, with a volume of 57,316 shares trading hands.

Analysts Set New Price Targets

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

Green Brick Partners Price Performance

The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 8.19 and a beta of 1.84. The stock has a fifty day moving average of $58.55 and a two-hundred day moving average of $68.91.

Institutional Investors Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently made changes to their positions in GRBK. Creative Planning grew its holdings in shares of Green Brick Partners by 49.4% during the third quarter. Creative Planning now owns 7,798 shares of the financial services provider’s stock worth $651,000 after buying an additional 2,577 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 347 shares during the last quarter. Raymond James & Associates boosted its position in Green Brick Partners by 47.6% during the third quarter. Raymond James & Associates now owns 48,965 shares of the financial services provider’s stock valued at $4,090,000 after purchasing an additional 15,780 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Green Brick Partners by 16.5% during the 3rd 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 period. Finally, State of Alaska Department of Revenue grew its stake in Green Brick Partners by 18.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider’s stock valued at $1,463,000 after buying an additional 2,744 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

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.