Green Brick Partners (GRBK) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Green Brick Partners (NASDAQ:GRBK) from a strong sell rating to a sell rating in a report released on Thursday.

Separately, TheStreet upgraded shares of Green Brick Partners from a c+ rating to a b rating in a research note on Friday, October 27th.

Shares of Green Brick Partners (NASDAQ:GRBK) opened at $11.00 on Thursday. The firm has a market cap of $556.42, a PE ratio of 10.68 and a beta of 1.51. Green Brick Partners has a 12 month low of $8.00 and a 12 month high of $12.20.

In related news, insider Jed Dolson sold 20,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $11.23, for a total transaction of $224,600.00. Following the sale, the insider now owns 89,583 shares in the company, valued at $1,006,017.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 53.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRBK. Bank of New York Mellon Corp raised its stake in Green Brick Partners by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 85,929 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 5,510 shares during the period. Wells Fargo & Company MN raised its stake in Green Brick Partners by 5.1% during the second quarter. Wells Fargo & Company MN now owns 17,926 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 862 shares during the period. Alliancebernstein L.P. acquired a new stake in Green Brick Partners during the second quarter worth about $159,000. Teachers Advisors LLC raised its stake in Green Brick Partners by 25.9% during the second quarter. Teachers Advisors LLC now owns 49,910 shares of the financial services provider’s stock worth $571,000 after acquiring an additional 10,256 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Green Brick Partners by 35.6% in the second quarter. New York State Common Retirement Fund now owns 22,100 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 5,799 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://weekherald.com/2018/02/18/green-brick-partners-grbk-upgraded-to-sell-by-bidaskclub.html.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.

Receive News & Ratings for Green Brick Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply