Green Brick Partners Inc. (GRBK) Stock Price Down 2.2%
Shares of Green Brick Partners Inc. (NASDAQ:GRBK) were down 2.2% during mid-day trading on Friday . The company traded as low as $7.37 and last traded at $7.40, with a volume of 69,482 shares trading hands. The stock had previously closed at $7.57.
A number of analysts have recently issued reports on GRBK shares. JMP Securities started coverage on Green Brick Partners in a research report on Wednesday, June 1st. They issued a “market perform” rating for the company. TheStreet raised Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Green Brick Partners in a research report on Wednesday, June 29th.
The stock has a market capitalization of $367.03 million and a price-to-earnings ratio of 21.37. The firm has a 50 day moving average of $7.22 and a 200-day moving average of $6.94.
In other news, Director Kathleen Olsen bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average cost of $7.05 per share, with a total value of $70,500.00. Following the transaction, the director now directly owns 27,727 shares of the company’s stock, valued at approximately $195,475.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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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