GRBK (Green Brick Partners Inc.) may reap gains as insiders became active recently


Green Brick Partners Inc.’s recent filing unveils that its Director BLAKE ELIZABETH unloaded Company’s shares for reported $1.27 million on May 12. In the deal valued at $50.60 per share,25,000 shares were sold. As a result of this transaction, BLAKE ELIZABETH now holds 169,693 shares worth roughly $ 8.6 million.

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Then, Brandler Harry sold 25,000 shares, generating $1,251,734 in total proceeds. Upon selling the shares at $50.07, the Director now owns 49,176 shares.

Before that, Olsen Kathleen sold 17,500 shares. Green Brick Partners Inc. shares valued at $906,272 were divested by the Director at a price of $51.79 per share. As a result of the transaction, Olsen Kathleen now holds 70,523 shares, worth roughly $3.57 million.

B. Riley Securities downgraded its Green Brick Partners Inc. [GRBK] rating to a Neutral from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 18.24 to its Friday closing price.

Price Performance Review of GRBK

On Friday, Green Brick Partners Inc. [NYSE:GRBK] saw its stock jump 2.49% to $50.69. On the same session, the stock had its day’s lowest price of $49.28, but rose to a high of $50.80. Over the last five days, the stock has gained 8.27%. Green Brick Partners Inc. shares have risen nearly 109.20% since the year began. Nevertheless, the stocks have risen 108.09% over the past one year. While a 52-week high of $59.30 was reached on 07/20/23, a 52-week low of $19.52 was recorded on 01/03/23. SMA at 50 days reached $53.02, while 200 days put it at $39.47. A total of 0.2 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For GRBK Stock

The 24-hour chart illustrates a support level at 49.71, which if violated will result in even more drops to 48.74. On the upside, there is a resistance level at 51.23. A further resistance level may holdings at 51.78. The Relative Strength Index (RSI) on the 14-day chart is 49.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.72%. Stochastics %K at 51.54% indicates the stock is a holding.

How much short interest is there in Green Brick Partners Inc.?

A steep rise in short interest was recorded in Green Brick Partners Inc. stocks on Aug 14, 2023, growing by 60000.0 shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.69 million shares. There was a rise of 3.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.44.

Green Brick Partners Inc. [GRBK] – Who Are The Largest Shareholders?

In filings from Greenlight Capital, Inc., it is revealed that the company now owns 13,234,411 shares, or roughly 29.08% of the outstanding GRBK shares. In other words, the investor’s shares have fallen by -3,366,097 from its previous 13-F filing of 16600508.0. Additionally, BlackRock Fund Advisors decreased -3.58% of its stake after which the total value it holdings stand at $231,004,135, while The Vanguard Group, Inc. added 9.52% of its stake to hold $107.83 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -22,171 shares of Green Brick Partners Inc., while SSgA Funds Management, Inc. sold 7,147 shares. At present, JBF Capital, Inc. is holding 914,529 shares valued at $51.69 million. Prelude Capital Management LLC owned 855,274 shares of the company at the time of its most recent 13F filing, worth $48.34 million.

According to FactSet, Green Brick Partners Inc.’s share price will average $52.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 6.15 percent from its previous closing price of $49.46. Analysts expect Green Brick Partners Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $45.00. However, 4 analysts have rated GRBK stock as a Hold in their predictions for 2023.


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