Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC raised its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,858 shares of the company’s stock after acquiring an additional 7,616 shares during the quarter. Denali Advisors LLC’s holdings in Dream Finders Homes were worth $5,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DFH. First Horizon Advisors Inc. boosted its position in Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after acquiring an additional 568 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Dream Finders Homes by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock worth $917,000 after purchasing an additional 746 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Dream Finders Homes during the third quarter worth $33,000. Precision Wealth Strategies LLC grew its position in shares of Dream Finders Homes by 13.4% in the fourth quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company’s stock valued at $282,000 after purchasing an additional 1,429 shares during the period. Finally, FMR LLC increased its stake in Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after purchasing an additional 1,468 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Dream Finders Homes Stock Up 18.5 %

Shares of DFH opened at $24.89 on Wednesday. The firm has a market cap of $2.33 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. The company’s fifty day moving average is $23.08 and its two-hundred day moving average is $28.91. Dream Finders Homes, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 18,119 shares of Dream Finders Homes stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total transaction of $602,637.94. Following the transaction, the chief executive officer now owns 2,003,125 shares in the company, valued at approximately $66,623,937.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America decreased their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Dream Finders Homes Profile

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.