Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Green Brick Partners, Inc. (NASDAQ:GRBK)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,614 shares of the financial services provider’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lakewood Asset Management LLC raised its stake in Green Brick Partners by 2.4% in the 4th quarter. Lakewood Asset Management LLC now owns 8,262 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 193 shares during the period. Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 289 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Green Brick Partners by 4.4% in the fourth quarter. Handelsbanken Fonder AB now owns 9,400 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 400 shares during the last quarter. Cavalier Investments LLC raised its position in shares of Green Brick Partners by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 12,085 shares of the financial services provider’s stock valued at $683,000 after purchasing an additional 480 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Green Brick Partners by 11.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,617 shares of the financial services provider’s stock worth $386,000 after buying an additional 481 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Trading Down 2.2 %

Shares of Green Brick Partners stock opened at $57.36 on Monday. 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 firm has a 50-day moving average of $59.64 and a 200-day moving average of $67.03. Green Brick Partners, Inc. has a 52-week low of $51.76 and a 52-week high of $84.66. The stock has a market cap of $2.55 billion, a PE ratio of 7.45 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GRBK. Wedbush reiterated a “neutral” rating and issued a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, December 3rd.

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.