Green Brick Partners Inc. (GRBK) Trading 5.4% Higher
Green Brick Partners Inc. (NASDAQ:GRBK)’s share price traded up 5.4% during mid-day trading on Tuesday . The stock 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.
Several equities analysts recently issued reports on the company. JMP Securities assumed coverage on Green Brick Partners in a report on Wednesday, June 1st. They set a “market perform” rating for the company. TheStreet raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $8.00 price objective on shares of Green Brick Partners in a report on Wednesday, June 29th.
The company has a market capitalization of $366.54 million and a P/E ratio of 21.34. The firm has a 50-day moving average price of $7.22 and a 200-day moving average price of $6.93.
In related news, Director Richard S. Press bought 10,000 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $7.05 per share, with a total value of $70,500.00. Following the completion of the acquisition, the director now owns 16,127 shares of the company’s stock, valued at $113,695.35. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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