Kendall Capital Management Reduces Stock Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Kendall Capital Management decreased its stake in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,068 shares of the financial services provider’s stock after selling 635 shares during the quarter. Kendall Capital Management’s holdings in Green Brick Partners were worth $964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management purchased a new position in shares of Green Brick Partners in the 3rd quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Green Brick Partners in the 4th quarter worth approximately $57,000. Nisa Investment Advisors LLC boosted its holdings in shares of Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 289 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,149 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Green Brick Partners by 93.9% during the 4th quarter. KBC Group NV now owns 1,803 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GRBK shares. JMP Securities reissued a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd. Wedbush reissued a “neutral” rating and set a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Trading Down 0.2 %

Shares of NASDAQ:GRBK opened at $62.02 on Friday. Green Brick Partners, Inc. has a 12-month low of $51.50 and a 12-month high of $84.66. The business’s fifty day simple moving average is $59.00 and its 200-day simple moving average is $68.41. The company has a market capitalization of $2.76 billion, a PE ratio of 8.05 and a beta of 1.89. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

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.