Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,732 shares of the financial services provider’s stock after selling 378 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of Green Brick Partners worth $1,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Green Brick Partners in the 4th quarter valued at approximately $57,000. Nisa Investment Advisors LLC increased its position in shares of Green Brick Partners by 26.1% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock worth $96,000 after buying an additional 1,149 shares during the last quarter. KBC Group NV raised its stake in shares of Green Brick Partners by 93.9% during the 4th 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 during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Green Brick Partners in the 4th quarter worth about $226,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. 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 report on Friday, February 28th.

Green Brick Partners Stock Down 3.0 %

Shares of NASDAQ:GRBK opened at $57.73 on Monday. 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 company has a market capitalization of $2.57 billion, a P/E ratio of 7.50 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. The stock’s fifty day simple moving average is $59.68 and its 200-day simple moving average is $66.51.

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.