On the 25th of January, Greenlight Capital sold 6 million Green Brick Partners, Inc. (NASDAQ:GRBK) shares for $123 million at an average price of $20.55 per share. Shares of Green Brick Partners, Inc. are down -7.73% since the transaction.
Greenlight Capital's holding in Green Brick Partners, Inc. decreased to about 850 thousand shares with the transaction.
Greenlight Capital first bought Green Brick Partners, Inc. stock in the second quarter of 2007. Greenlight Capital also owns The Chemours (CC) and Ingredion Inc (NYSE:INGR). Green Brick Partners, Inc. is its number two position by number of shares and market value among chemicals stocks.
Other investors who also reduced their Green Brick Partners, Inc. shares include Ariel Investment, Diamond Hill Capital Management, and Third Avenue Management. Contrary to Greenlight Capital, Citigroup (NYSE:C) and Hotchkis & Wiley Capital Management added to GRBK shares.