Cornercap Investment Counsel Inc. Reduces Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Cornercap Investment Counsel Inc. lessened its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 52.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,851 shares of the company’s stock after selling 10,969 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Dream Finders Homes were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Dream Finders Homes by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after acquiring an additional 45,890 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of Dream Finders Homes by 17.5% in the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after buying an additional 277,499 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Dream Finders Homes by 23.7% in the 1st quarter. Hood River Capital Management LLC now owns 516,071 shares of the company’s stock worth $22,568,000 after buying an additional 98,922 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dream Finders Homes by 55.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after buying an additional 150,026 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Dream Finders Homes by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after purchasing an additional 125,800 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Insider Buying and Selling at Dream Finders Homes

In other news, Director William Radford Lovett II sold 16,466 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $30.73, for a total value of $506,000.18. Following the completion of the sale, the director now owns 4,914,124 shares of the company’s stock, valued at approximately $151,011,030.52. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 59,106 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now directly owns 801,105 shares of the company’s stock, valued at $25,170,719.10. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 360,823 shares of company stock valued at $11,987,982 in the last three months. Company insiders own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Trading Down 1.9 %

Shares of NASDAQ:DFH opened at $28.11 on Monday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.68 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 firm’s 50-day moving average is $33.12 and its 200 day moving average is $30.28.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data 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 company had revenue of $986.26 million during 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%. Dream Finders Homes’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

About Dream Finders Homes

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.