BidaskClub upgraded shares of Green Brick Partners (NASDAQ:GRBK) from a hold rating to a buy rating in a research report report published on Tuesday.

Separately, JMP Securities raised Green Brick Partners from a market perform rating to an outperform rating and set a $13.00 target price for the company in a report on Tuesday, February 20th.

Green Brick Partners opened at $10.65 on Tuesday, Marketbeat.com reports. Green Brick Partners has a one year low of $8.90 and a one year high of $12.50. The firm has a market capitalization of $620.90 million, a price-to-earnings ratio of 11.78 and a beta of 1.64.

In other news, Director John R. Farris sold 14,200 shares of Green Brick Partners stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $10.89, for a total transaction of $154,638.00. Following the completion of the transaction, the director now owns 73,787 shares of the company’s stock, valued at approximately $803,540.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 52.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GRBK. AWH Capital L.P. acquired a new position in shares of Green Brick Partners during the 4th quarter worth $7,945,000. Ariel Investments LLC raised its stake in shares of Green Brick Partners by 15.3% during the 4th quarter. Ariel Investments LLC now owns 964,341 shares of the financial services provider’s stock worth $10,897,000 after buying an additional 127,793 shares during the last quarter. BlackRock Inc. raised its stake in shares of Green Brick Partners by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,304,510 shares of the financial services provider’s stock worth $14,741,000 after buying an additional 17,819 shares during the last quarter. Ranger Investment Management L.P. raised its stake in shares of Green Brick Partners by 7.0% during the 4th quarter. Ranger Investment Management L.P. now owns 271,530 shares of the financial services provider’s stock worth $3,068,000 after buying an additional 17,750 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Green Brick Partners during the 4th quarter worth $169,000. 81.65% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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