Quadrature Capital Ltd Invests $260,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

Quadrature Capital Ltd acquired a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the third quarter, according to its most recent filing with the SEC. The fund acquired 7,193 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors have also added to or reduced their stakes in DFH. Price T Rowe Associates Inc. MD increased its position in shares of Dream Finders Homes by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after buying an additional 1,041 shares during the period. ORG Partners LLC purchased a new stake in Dream Finders Homes in the 2nd quarter worth approximately $68,000. Hennessy Advisors Inc. bought a new position in Dream Finders Homes in the 2nd quarter valued at $5,058,000. Allspring Global Investments Holdings LLC grew 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 purchasing an additional 48,270 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Dream Finders Homes by 16.8% in the second quarter. Principal Financial Group Inc. now owns 18,817 shares of the company’s stock worth $486,000 after purchasing an additional 2,705 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Dream Finders Homes news, Director William Radford Lovett II sold 30,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total value of $976,500.00. Following the completion of the sale, the director now directly owns 4,836,398 shares of the company’s stock, valued at $157,424,754.90. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 33,018 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $36.58, for a total value of $1,207,798.44. Following the transaction, the chief executive officer now directly owns 931,121 shares in the company, valued at $34,060,406.18. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,234 shares of company stock worth $9,163,897. 70.45% of the stock is currently owned by insiders.

Dream Finders Homes Price Performance

DFH stock opened at $30.00 on Wednesday. The firm has a 50 day simple moving average of $31.92 and a two-hundred day simple moving average of $30.46. The stock has a market cap of $2.80 billion, a PE ratio of 9.80, a P/E/G ratio of 0.73 and a beta of 1.93. Dream Finders Homes, Inc. has a one year low of $23.46 and a one year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) 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). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, research analysts expect 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.