GRBK News and Press, Green Brick Partners Inc. From 02/11/23

Summary Green Light Capital is a privately owned hedge fund sponsor. The firm invests in the public equity and fixed income markets of the United States. It primarily invests in value. The Greenlight Capital funds returned 36.6% in 2022, net of fees and expenses. We believe that our...

Summary We sold our stake in LGI Homes during the fourth quarter. When we initially purchased LGIH in March 2022, the housing market was in the late stages of one of the most robust demand environments. As we took a basket approach to our housing investment, we decided to sell LGI. ...

Summary Moon Capital Management, LLC is a SEC Registered Investment Adviser. Moon Capital helps individuals, families and institutions meet their financial goals by providing a full range of investment management and planning services. Our stock portfolio declined approximately 7% last ...

Summary Dream Finders Homes has taken quite a tumble in recent months, even as sales and cash flows rise materially. This may be perplexing to some investors, but leading indicators show that pain lies ahead. For now, the company is looking more interesting than it did previously, b...

Summary Green Brick Partners continues to trade for less than 5x earnings, despite impressive growth and resiliency in a tough market. Shares could face stagnation in the near term as 2023 presents headwinds for homebuilders, but expansion into Austin, Texas gives me confidence that the...

Summary A number of VBR "green energy" picks have popped higher in January, pulling investment returns for the group of past picks strongly higher. A performance review of 46 previous selections since late June is discussed. I continue to refine the search and formula ideas for iden...

Summary M/I Homes has done well recently, but investors are likely concerned about questionable market conditions and weaknesses the firm has pointed out. Short term, it is likely to see some pain, and that could result in near-term downside for shares. But given how cheap the stock...

Summary Green Brick Partners, Inc. is a leader in the U.S. homebuilding industry with the highest Net Income Margin of around 17%. Green Brick Partners is a bargain at the liquidation value of $18.5 per share. With the current interest rate and inflation headwind, there is a good ch...

Summary David Einhorn's 13F stock portfolio value increased from $1.29B to $1.41B this quarter. Greenlight increased Kyndryl Holdings, LivaNova PLC, and Southwestern Energy while dropping Chemours, International Seaways, and Warner Bros. Discovery. The largest three positions are at...

Summary Landsea Homes' acquisition in 2021 pays off with home sales revenue increases, higher net income, and increasing gross margins. The company delivered a record 543 homes with a backlog of 1,285 at the end of the third quarter. The company has the financial backing to con...