Dark Forest Capital Management LP Grows Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Dark Forest Capital Management LP lifted its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 326.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,954 shares of the financial services provider's stock after purchasing an additional 12,214 shares during the quarter. Dark Forest Capital Management LP's holdings in Green Brick Partners were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Green Brick Partners by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after buying an additional 33,152 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Green Brick Partners by 68.4% during the third quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider's stock valued at $24,437,000 after purchasing an additional 118,858 shares during the last quarter. Annex Advisory Services LLC lifted its position in Green Brick Partners by 26.5% during the fourth quarter. Annex Advisory Services LLC now owns 271,931 shares of the financial services provider's stock valued at $15,361,000 after purchasing an additional 57,045 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Green Brick Partners by 2.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 220,522 shares of the financial services provider's stock worth $12,457,000 after purchasing an additional 4,811 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Green Brick Partners in the 4th quarter worth approximately $9,488,000. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Stock Performance

Shares of NASDAQ GRBK traded down $0.64 during midday trading on Tuesday, hitting $57.36. 97,647 shares of the company's stock traded hands, compared to its average volume of 377,866. The firm has a fifty day moving average of $57.96 and a 200 day moving average of $62.77. Green Brick Partners, Inc. has a 1 year low of $50.57 and a 1 year high of $84.66. 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 stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 7.45 and a beta of 1.82.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and set a $70.00 price target on shares of Green Brick Partners in a report 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.