Do Hedge Funds Love Green Brick Partners Inc (GRBK)?

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As aggregate interest increased, key money managers have been driving this bullishness. Ariel Investments, led by John W. Rogers, assembled the biggest position in Green Brick Partners Inc (NASDAQ:GRBK). Ariel Investments had $2.5 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $0.3 million position during the quarter.

Let’s now review hedge fund activity in other stocks similar to Green Brick Partners Inc (NASDAQ:GRBK). These stocks are Dynavax Technologies Corporation (NASDAQ:DVAX), BioTime, Inc. (NYSEAMEX:BTX), Teligent Inc (NASDAQ:TLGT), and Gold Resource Corporation (NYSEAMEX:GORO). This group of stocks’ market values resemble GRBK’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DVAX 22 131144 -1
BTX 7 102369 1
TLGT 7 31292 0
GORO 6 17219 -1

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $71 million. That figure was $281 million in GRBK’s case. Dynavax Technologies Corporation (NASDAQ:DVAX) is the most popular stock in this table. On the other hand Gold Resource Corporation (NYSEAMEX:GORO) is the least popular one with only 6 bullish hedge fund positions. Green Brick Partners Inc (NASDAQ:GRBK) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DVAX might be a better candidate to consider taking a long position in.

Disclosure: None

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