5 Best Stocks to Buy Now According to David Einhorn’s Greenlight Capital

1. Green Brick Partners, Inc. (NASDAQ:GRBK)

Greenlight Capital’s Stake Value: $357,431,000

Percentage of Greenlight Capital’s Q3 Portfolio: 23.96%

Number of Hedge Fund Holders: 16

Green Brick Partners, Inc. (NASDAQ:GRBK) is the largest holding in David Einhorn’s Q3 portfolio, and the hedge fund manager believes that the stock is an excellent hedge against increasing inflation. Greenlight Capital holds a $357.43 million position in Green Brick Partners, Inc. (NASDAQ:GRBK), which represents 23.96% of the fund’s total 13F securities. Green Brick Partners, Inc. (NASDAQ:GRBK) is a Texas-based diversified land development and home building company. 

On October 14, JPMorgan analyst Michael Rehaut downgraded Green Brick Partners, Inc. (NASDAQ:GRBK) to Neutral from Overweight with a price target of $28, down from $32, maintaining a constructive stance on the homebuilding sector. 

Green Brick Partners, Inc. (NASDAQ:GRBK) posted Q3 earnings on November 2. EPS in the period equaled $0.95, missing estimates by -$0.10. The quarterly revenue totaled $343.34 million, up 24.12% year-over-year, yet missing estimates by $26.02 million. 

Springbok Capital is one of the leading Green Brick Partners, Inc. (NASDAQ:GRBK) stakeholders from September, with 850,681 shares worth $17.45 million. Overall, 16 hedge funds in the Q3 database of Insider Monkey reported owning stakes in Green Brick Partners, Inc. (NASDAQ:GRBK), up from 14 funds in the preceding quarter. 

Here is what Diamond Hill Small Cap Fund has to say about Green Brick Partners, Inc. (NASDAQ:GRBK) in its Q3 2021 investor letter:

“Homebuilder Green Brick Partners has benefited from strong housing demand leading to higher prices. However, rising interest rates, as we saw in Q3, tend to be an industry-wide headwind, just as supply chain challenges delayed home closings, pushing back revenue to later quarters. Longer term, our thesis on Green Brick remains unchanged. We believe it is one of the best positioned small-cap housing companies, with attractive real estate, a strong balance sheet and a strong, shareholder-aligned management team that has been a wise allocator of capital.”

You can also take a look at David Zorub’s Parsifal Capital Management’s Top 10 Stocks and 10 Best Gold Stocks with Dividends.

Follow Insider Monkey on Twitter