Green Brick Partners Inc. (GRBK) Trading 5.4% Higher
Shares of Green Brick Partners Inc. (NASDAQ:GRBK) traded up 5.4% on Tuesday . The company traded as high as $7.75 and last traded at $7.63, with a volume of 76,084 shares. The stock had previously closed at $7.24.
A number of analysts have recently weighed in on the stock. JMP Securities assumed coverage on shares of Green Brick Partners in a report on Wednesday, June 1st. They set a “market perform” rating for the company. TheStreet upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $8.00 target price on shares of Green Brick Partners in a report on Wednesday, June 29th.
The company has a market capitalization of $368.70 million and a price-to-earnings ratio of 23.79. The company has a 50 day moving average of $7.21 and a 200 day moving average of $6.91.
In related news, Director Kathleen Olsen purchased 10,000 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $7.05 per share, for a total transaction of $70,500.00. Following the purchase, the director now directly owns 27,727 shares in the company, valued at $195,475.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.
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