Kennondale Capital Management LLC Buys Shares of 22,234 Green Brick Partners, Inc. (NASDAQ:GRBK)

Kennondale Capital Management LLC purchased a new stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 22,234 shares of the financial services provider’s stock, valued at approximately $1,256,000. Green Brick Partners comprises approximately 1.0% of Kennondale Capital Management LLC’s holdings, making the stock its 27th biggest position.

Several other institutional investors have also made changes to their positions in GRBK. Oppenheimer & Co. Inc. acquired a new stake in shares of Green Brick Partners during the 3rd quarter valued at about $1,352,000. Empowered Funds LLC acquired a new stake in shares of Green Brick Partners during the 3rd quarter valued at about $4,065,000. Mutual of America Capital Management LLC lifted its holdings in shares of Green Brick Partners by 11.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,617 shares of the financial services provider’s stock valued at $386,000 after buying an additional 481 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Green Brick Partners by 15.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,110 shares of the financial services provider’s stock valued at $2,014,000 after buying an additional 3,222 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Green Brick Partners by 6.1% during the 3rd quarter. Swiss National Bank now owns 65,800 shares of the financial services provider’s stock valued at $5,496,000 after buying an additional 3,800 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GRBK. JMP Securities reiterated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. Wedbush reaffirmed a “neutral” rating and set a $70.00 target price on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners Stock Up 0.1 %

Shares of Green Brick Partners stock opened at $58.08 on Tuesday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 7.54 and a beta of 1.89. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $67.56. Green Brick Partners, Inc. has a 12-month low of $51.76 and a 12-month high of $84.66.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.