Green Brick Partners Inc (NASDAQ:GRBK) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.88 and last traded at $8.04, with a volume of 3918 shares. The stock had previously closed at $8.00.

Several research analysts recently issued reports on the stock. BidaskClub cut shares of Green Brick Partners from a “hold” rating to a “sell” rating in a report on Friday, September 14th. TheStreet cut shares of Green Brick Partners from a “b” rating to a “c+” rating in a report on Wednesday, November 14th. Citigroup set a $11.00 target price on shares of Green Brick Partners and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, Credit Suisse Group assumed coverage on shares of Green Brick Partners in a report on Friday, August 24th. They set a “neutral” rating and a $9.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Green Brick Partners presently has an average rating of “Hold” and an average target price of $11.00.

The firm has a market capitalization of $406.77 million, a PE ratio of 6.47 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). Green Brick Partners had a return on equity of 14.02% and a net margin of 5.28%. The business had revenue of $149.99 million for the quarter.

In other news, Director Elizabeth Blake purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $8.86 per share, for a total transaction of $132,900.00. Following the completion of the transaction, the director now owns 138,366 shares in the company, valued at $1,225,922.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 52.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ariel Investments LLC grew its position in Green Brick Partners by 61.5% during the second quarter. Ariel Investments LLC now owns 1,718,846 shares of the financial services provider’s stock valued at $16,845,000 after buying an additional 654,853 shares during the period. BlackRock Inc. grew its position in Green Brick Partners by 5.5% during the third quarter. BlackRock Inc. now owns 1,506,247 shares of the financial services provider’s stock valued at $15,213,000 after buying an additional 78,685 shares during the period. Vanguard Group Inc. grew its position in Green Brick Partners by 16.0% during the third quarter. Vanguard Group Inc. now owns 1,153,381 shares of the financial services provider’s stock valued at $11,649,000 after buying an additional 158,863 shares during the period. Dimensional Fund Advisors LP grew its position in Green Brick Partners by 14.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,150,846 shares of the financial services provider’s stock valued at $11,623,000 after buying an additional 145,375 shares during the period. Finally, AWH Capital L.P. grew its position in Green Brick Partners by 1.8% during the third quarter. AWH Capital L.P. now owns 828,624 shares of the financial services provider’s stock valued at $8,369,000 after buying an additional 15,000 shares during the period. Institutional investors own 77.08% of the company’s stock.

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Green Brick Partners Company Profile (NASDAQ:GRBK)

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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