Stifel Financial Corp trimmed its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH – Free Report) by 22.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 63,538 shares of the company’s stock after selling 18,508 shares during the period. Stifel Financial Corp’s holdings in Dream Finders Homes were worth $2,301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in Dream Finders Homes in the second quarter worth $5,058,000. Allspring Global Investments Holdings LLC raised its position in shares of Dream Finders Homes by 44.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 157,611 shares of the company’s stock valued at $4,070,000 after buying an additional 48,270 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Dream Finders Homes by 16.8% in the 2nd quarter. Principal Financial Group Inc. now owns 18,817 shares of the company’s stock valued at $486,000 after acquiring an additional 2,705 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new position in Dream Finders Homes in the second quarter worth about $442,000. Finally, Rothschild Investment LLC bought a new stake in Dream Finders Homes during the second quarter worth approximately $469,000. 95.55% of the stock is currently owned by institutional investors.
Dream Finders Homes Trading Down 6.6 %
DFH stock opened at $25.38 on Thursday. The stock has a market cap of $2.37 billion, a PE ratio of 8.29, a P/E/G ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a 12 month low of $23.46 and a 12 month high of $44.38. The company has a 50-day moving average price of $31.22 and a 200 day moving average price of $30.45.
Dream Finders Homes (NASDAQ:DFH – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). The business had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.
Analyst Ratings Changes
Separately, Bank of America raised their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.
Check Out Our Latest Analysis on DFH
Insider Activity at Dream Finders Homes
In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,119 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total value of $602,637.94. Following the transaction, the chief executive officer now directly owns 2,003,125 shares in the company, valued at $66,623,937.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Radford Lovett II sold 9,869 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total transaction of $343,835.96. Following the sale, the director now directly owns 4,694,252 shares of the company’s stock, valued at $163,547,739.68. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,510 shares of company stock worth $5,918,048 in the last quarter. 70.45% of the stock is owned by company insiders.
Dream Finders Homes Company Profile
(Free Report)
Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.
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