KLP Kapitalforvaltning AS Invests $384,000 in Green Brick Partners, Inc. (NASDAQ:GRBK)

KLP Kapitalforvaltning AS bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,800 shares of the financial services provider’s stock, valued at approximately $384,000.

Several other hedge funds have also recently added to or reduced their stakes in GRBK. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Green Brick Partners by 46.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,759 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 2,471 shares during the period. Hilltop Holdings Inc. acquired a new stake in Green Brick Partners in the 3rd quarter valued at $512,000. Janus Henderson Group PLC grew its position in Green Brick Partners by 4.8% in the third quarter. Janus Henderson Group PLC now owns 34,060 shares of the financial services provider’s stock valued at $2,844,000 after acquiring an additional 1,547 shares during the period. State Street Corp raised its stake in Green Brick Partners by 5.8% during the third quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock worth $145,142,000 after acquiring an additional 94,834 shares in the last quarter. Finally, Zacks Investment Management lifted its holdings in shares of Green Brick Partners by 4.7% during the third quarter. Zacks Investment Management now owns 28,170 shares of the financial services provider’s stock valued at $2,353,000 after acquiring an additional 1,264 shares during the period. Institutional investors and hedge funds own 78.24% of the company’s stock.

Green Brick Partners Trading Up 3.5 %

Shares of GRBK opened at $57.85 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 7.51 and a beta of 1.89. The stock has a fifty day moving average price of $59.42 and a two-hundred day moving average price of $65.98. Green Brick Partners, Inc. has a 52-week low of $51.76 and a 52-week high of $84.66.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Green Brick Partners in a research note on Friday, February 28th.

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.