Green Brick Partners Inc. (NASDAQ:GRBK) shares dropped 5.6% during mid-day trading on Tuesday . The stock traded as low as $7.92 and last traded at $7.92, with a volume of 65,324 shares traded. The stock had previously closed at $8.39.

GRBK has been the topic of several research reports. JMP Securities initiated coverage on Green Brick Partners in a report on Wednesday, June 1st. They set a “market perform” rating on the stock. TheStreet raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $8.00 price target on shares of Green Brick Partners in a research note on Wednesday, June 29th.

The firm’s 50-day moving average price is $7.74 and its 200-day moving average price is $7.39. The company has a market cap of $385.62 million, a P/E ratio of 22.45 and a beta of 4.26.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/green-brick-partners-inc-grbk-trading-down-5-6.html

In other Green Brick Partners news, Director John R. Farris bought 14,200 shares of the stock in a transaction dated Friday, August 12th. The shares were bought at an average cost of $7.44 per share, with a total value of $105,648.00. Following the completion of the acquisition, the director now owns 39,572 shares of the company’s stock, valued at $294,415.68. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Blake bought 20,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of $7.59 per share, for a total transaction of $151,800.00. Following the completion of the acquisition, the director now directly owns 76,123 shares of the company’s stock, valued at approximately $577,773.57. The disclosure for this purchase can be found here. Insiders own 53.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in shares of Green Brick Partners during the second quarter valued at approximately $108,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of Green Brick Partners by 9.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,800 shares of the company’s stock worth $166,000 after buying an additional 2,000 shares during the period. Teachers Advisors Inc. boosted its position in shares of Green Brick Partners by 0.6% in the second quarter. Teachers Advisors Inc. now owns 35,357 shares of the company’s stock worth $257,000 after buying an additional 221 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Green Brick Partners by 143.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,840 shares of the company’s stock worth $261,000 after buying an additional 21,100 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Green Brick Partners by 6.5% in the second quarter. California State Teachers Retirement System now owns 48,687 shares of the company’s stock worth $354,000 after buying an additional 2,952 shares during the period. 82.31% of the stock is currently owned by institutional investors.

About Green Brick Partners

Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.

5 Day Chart for NASDAQ:GRBK

Receive News & Ratings for Green Brick Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.