David Einhorn, Dan Loeb Go On A Second Activist Spree In Green Brick Partners Inc (GRBK)

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According to two recent filings with the Securities and Exchange Commission, David Einhorn‘s (pictured) Greenlight Capital and Dan Loeb‘s Third Point have increased their respective stakes in Green Brick Partners Inc (NASDAQ:GRBK). Greenlight disclosed acquiring some 9,000 shares that it directly owns and some 8.48 million shares that it indirectly owns through its affiliated funds, taking its total stake in the company to 24.13 million shares. The holding amasses about 51% of the company’s outstanding shares. As for Third Point, the fund directly acquired about 100,000 shares and indirectly some 8.08 million shares. The total current stake amounts to 8.18 million shares and represents about 17% of the company’s outstanding stock. The first hefty hike by the two activists in their Green Brick holdings came in October of last year after Green Brick Partners Inc (NASDAQ:GRBK), formerly known as Biofuel Energy Corp completed the acquisition of JBGL Builder Finance and subsidiaries of JBGL Capital from Greenlight affiliates and James R. Brickman.

David Einhorn

Einhorn, one of the most successful long/short hedge fund manager of the past decade learned the art of investing from Gary Siegler and Peter Collery, managers of SC Fundamental Value Fund. Loeb’s investment acumen is also well recognized in investment circles as well. At the end of March, the market value of Greenlight’s public equity portfolio stood at $7.65 billion, while the same portfolio of Third Point’s amounted to $10.82 billion.

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