Bank of New York Mellon Corp Decreases Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Bank of New York Mellon Corp decreased its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 221,368 shares of the financial services provider’s stock after selling 3,407 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.50% of Green Brick Partners worth $12,505,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in GRBK. Nisa Investment Advisors LLC increased its stake in Green Brick Partners by 26.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock valued at $79,000 after buying an additional 289 shares during the period. KBC Group NV increased its position in Green Brick Partners by 93.9% during the fourth quarter. KBC Group NV now owns 1,803 shares of the financial services provider’s stock worth $102,000 after buying an additional 873 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Green Brick Partners in the fourth quarter valued at approximately $226,000. Yorktown Management & Research Co Inc acquired a new stake in Green Brick Partners in the 4th quarter worth about $229,000. Finally, Vista Finance LLC acquired a new position in shares of Green Brick Partners in the 4th quarter valued at $262,000. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Stock Down 1.5 %

NASDAQ:GRBK opened at $59.52 on Thursday. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $59.18 and a 200-day moving average of $68.12. The firm has a market capitalization of $2.65 billion, a PE ratio of 7.73 and a beta of 1.89. Green Brick Partners, Inc. has a 52 week low of $51.76 and a 52 week high of $84.66.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GRBK shares. JMP Securities restated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd. Wedbush reiterated a “neutral” rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners 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.