Green Brick Partners Inc. (GRBK) Stock Price Down 2.2%
Green Brick Partners Inc. (NASDAQ:GRBK) shares dropped 2.2% on Friday . The stock traded as low as $7.37 and last traded at $7.40, with a volume of 69,482 shares. The stock had previously closed at $7.57.
GRBK has been the subject of several recent analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $8.00 target price on shares of Green Brick Partners in a report on Wednesday, June 29th. JMP Securities reaffirmed a “hold” rating on shares of Green Brick Partners in a report on Thursday, June 23rd. Finally, TheStreet raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th.
The company’s 50-day moving average is $7.23 and its 200-day moving average is $6.95. The company has a market capitalization of $367.03 million and a price-to-earnings ratio of 21.37.
In related news, Director Richard S. Press acquired 10,000 shares of the stock in a transaction dated Monday, May 23rd. The stock was acquired at an average cost of $7.05 per share, for a total transaction of $70,500.00. Following the completion of the purchase, the director now owns 16,127 shares of the company’s stock, valued at approximately $113,695.35. The purchase was disclosed in a document filed with the SEC, 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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