5 Stocks Under $30 to Buy According to David Einhorn’s Greenlight Capital

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

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

Percentage of Greenlight Capital’s 13F Portfolio: 23.96%

Number of Hedge Fund Holders: 16

Share Price as of December 15: $29.59

Green Brick Partners, Inc. (NYSE:GRBK) ranks first on our list of the best stocks under $30 to buy according to David Einhorn’s Greenlight Capital. Green Brick Partners, Inc. (NYSE:GRBK) is a new arrival in David Einhorn’s Q3 portfolio, and is the largest holding of the hedge fund manager, which represents 23.96% of his total investments. Einhorn, via Greenlight Capital, holds a $357.4 million stake in Green Brick Partners, Inc. (NYSE:GRBK), which is a Texas-based diversified land development and home building company. 

The third quarter earnings were published on November 2 by Green Brick Partners, Inc. (NYSE:GRBK). The company reported earnings per share of $0.95, missing estimates by $0.10. 

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

16 hedge funds in the third quarter database of Insider Monkey were bullish on Green Brick Partners, Inc. (NASDAQ:GRBK), up from 14 funds in the preceding quarter. Springbok Capital is a prominent stakeholder of Green Brick Partners, Inc. (NASDAQ:GRBK) as of September this year, with 850,681 shares worth $17.45 million. 

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 10 High Dividend Stocks with Over 12% Yield and 10 Best Stocks to Buy for the Next 10 Years.

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