Proficio Capital Partners LLC Takes $1.15 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Proficio Capital Partners LLC acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,393 shares of the financial services provider’s stock, valued at approximately $1,152,000.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System increased its position in Green Brick Partners by 30.7% during the third quarter. New York State Teachers Retirement System now owns 12,381 shares of the financial services provider’s stock worth $1,034,000 after purchasing an additional 2,905 shares during the last quarter. Amalgamated Bank increased its position in Green Brick Partners by 14.8% during the third quarter. Amalgamated Bank now owns 9,061 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 1,169 shares during the last quarter. Principal Financial Group Inc. increased its position in Green Brick Partners by 15.3% during the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider’s stock worth $13,260,000 after purchasing an additional 21,012 shares during the last quarter. Hollencrest Capital Management acquired a new position in Green Brick Partners during the third quarter worth approximately $29,000. Finally, Los Angeles Capital Management LLC increased its position in Green Brick Partners by 23.4% during the third quarter. Los Angeles Capital Management LLC now owns 36,487 shares of the financial services provider’s stock worth $3,047,000 after purchasing an additional 6,929 shares during the last quarter. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Price Performance

GRBK opened at $62.02 on Friday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a 52-week low of $51.50 and a 52-week high of $84.66. The company has a 50 day moving average of $58.89 and a two-hundred day moving average of $68.51. The company has a market cap of $2.76 billion, a P/E ratio of 8.05 and a beta of 1.84.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $70.00 price target on shares of Green Brick Partners in a research report on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Company Profile

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.