Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 4,614 Green Brick Partners, Inc. (NASDAQ:GRBK)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,614 shares of the financial services provider’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lakewood Asset Management LLC increased its holdings in Green Brick Partners by 2.4% during the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 193 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Green Brick Partners by 26.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock worth $79,000 after buying an additional 289 shares in the last quarter. Handelsbanken Fonder AB raised its position in Green Brick Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider’s stock valued at $531,000 after buying an additional 400 shares during the last quarter. Cavalier Investments LLC lifted its stake in Green Brick Partners by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 480 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in 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 worth $386,000 after acquiring an additional 481 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GRBK has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $70.00 price objective on shares of Green Brick Partners in a report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Stock Down 2.2 %

NASDAQ:GRBK opened at $57.36 on Monday. Green Brick Partners, Inc. has a twelve month low of $51.76 and a twelve month high of $84.66. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 7.45 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’s 50 day moving average price is $59.64 and its two-hundred day moving average price is $67.03.

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.