Green Brick Partners (NASDAQ:GRBK) Shares Gap Up – Should You Buy?

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $57.84, but opened at $63.72. Green Brick Partners shares last traded at $64.13, with a volume of 57,316 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on GRBK. Wedbush reissued a “neutral” rating and set a $70.00 target price on shares of Green Brick Partners in a research report on Friday. JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Trading Down 2.4 %

The firm has a market capitalization of $2.66 billion, a PE ratio of 7.76 and a beta of 1.84. The firm’s fifty day moving average is $58.65 and its two-hundred day moving average is $68.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its stake in Green Brick Partners by 49.4% in the third quarter. Creative Planning now owns 7,798 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 2,577 shares during the last quarter. Raymond James & Associates boosted its stake in Green Brick Partners by 47.6% in the third quarter. Raymond James & Associates now owns 48,965 shares of the financial services provider’s stock valued at $4,090,000 after acquiring an additional 15,780 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Green Brick Partners by 16.5% in the third quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the financial services provider’s stock valued at $1,236,000 after acquiring an additional 2,100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Green Brick Partners by 18.6% in the third quarter. State of Alaska Department of Revenue now owns 17,520 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 2,744 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Green Brick Partners by 30.7% in the third quarter. New York State Teachers Retirement System now owns 12,381 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 2,905 shares during the last quarter. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

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.