Arcus Capital Partners LLC Reduces Stake in Dream Finders Homes, Inc. $DFH

Arcus Capital Partners LLC trimmed its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 21.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 964,921 shares of the company’s stock after selling 266,383 shares during the period. Dream Finders Homes accounts for 10.5% of Arcus Capital Partners LLC’s portfolio, making the stock its 2nd biggest position. Arcus Capital Partners LLC’s holdings in Dream Finders Homes were worth $24,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC purchased a new stake in shares of Dream Finders Homes in the 1st quarter worth about $2,935,000. Nuveen LLC purchased a new stake in Dream Finders Homes in the first quarter worth about $1,742,000. Elgethun Capital Management increased its stake in shares of Dream Finders Homes by 44.9% during the first quarter. Elgethun Capital Management now owns 185,088 shares of the company’s stock valued at $4,176,000 after purchasing an additional 57,384 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Dream Finders Homes by 22.9% in the 1st quarter. Denali Advisors LLC now owns 277,496 shares of the company’s stock worth $6,260,000 after purchasing an additional 51,638 shares in the last quarter. Finally, Bretton Capital Management LLC grew its stake in shares of Dream Finders Homes by 36.9% in the 1st quarter. Bretton Capital Management LLC now owns 170,500 shares of the company’s stock worth $3,846,000 after buying an additional 46,000 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Price Performance

DFH stock opened at $23.30 on Friday. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $35.71. The stock has a market capitalization of $2.16 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.28 and a beta of 1.87. The business has a fifty day moving average price of $27.11 and a 200-day moving average price of $24.90.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, 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 other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,794 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total value of $176,168.42. Following the completion of the sale, the chief executive officer owned 1,891,672 shares of the company’s stock, valued at approximately $49,051,054.96. The trade was a 0.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 97,419 shares of company stock valued at $2,699,849 in the last 90 days. Company insiders own 68.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America dropped their target price on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Company 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.