Green Brick Partners (NASDAQ:GRBK) Shares Gap Up – Should You Buy?

Shares of 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.

Wall Street Analyst Weigh In

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

Green Brick Partners Stock Down 2.4 %

The stock’s fifty day moving average is $58.65 and its two-hundred day moving average is $68.85. 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 firm has a market cap of $2.66 billion, a P/E ratio of 7.76 and a beta of 1.84.

Institutional Trading of Green Brick Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of GRBK. The Manufacturers Life Insurance Company increased its holdings in Green Brick Partners by 1,342.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider’s stock worth $16,365,000 after acquiring an additional 269,615 shares during the period. Raymond James Financial Inc. bought a new position in shares of Green Brick Partners in the 4th quarter worth $9,488,000. WCM Investment Management LLC bought a new position in shares of Green Brick Partners in the 4th quarter worth $8,053,000. JPMorgan Chase & Co. increased its holdings in shares of Green Brick Partners by 68.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after buying an additional 118,858 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Green Brick Partners by 114.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after buying an additional 115,318 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

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.