GRBK - Green Brick Partners trades in red; prices 6M secondary offering

Green Brick Partners ([[GRBK]] -9.6%) priced its secondary offering of 6M shares by certain affiliates of Greenlight Capital for total gross proceeds of ~$125.7M.Selling stockholders granted underwriters 30-day option to purchase additional 900K shares.Green Brick will not receive any of the proceeds.Offering is expected to close on Jan.27.Recently, the company provided Q4 guidance with EPS in the range of $2.21-$2.23.SA Contributor Nikolaos Sismanis assigns a Bullish rating in his recent article, "Green Brick Partners: A Hidden Gem Among Homebuilders With Market-Beating Return Potential"

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Green Brick Partners trades in red; prices 6M secondary offering