Dream Finders Homes, Inc. $DFH Shares Purchased by Denali Advisors LLC

Denali Advisors LLC lifted its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 313,810 shares of the company’s stock after acquiring an additional 36,314 shares during the period. Dream Finders Homes accounts for approximately 0.8% of Denali Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Denali Advisors LLC owned about 0.34% of Dream Finders Homes worth $7,886,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eukles Asset Management acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at $34,000. Quarry LP acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at $40,000. GAMMA Investing LLC increased its position in shares of Dream Finders Homes by 907.1% in the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company’s stock valued at $135,000 after acquiring an additional 5,370 shares during the period. Maryland State Retirement & Pension System acquired a new position in shares of Dream Finders Homes in the 2nd quarter valued at $207,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Dream Finders Homes in the 2nd quarter valued at $208,000. 95.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America lowered their price target on shares of 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dream Finders Homes has an average rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Trading Up 3.0%

Shares of Dream Finders Homes stock opened at $23.28 on Wednesday. The firm has a market capitalization of $2.16 billion, a PE ratio of 7.61, a P/E/G ratio of 1.28 and a beta of 1.87. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $34.43. The firm’s 50-day moving average price is $27.00 and its 200 day moving average price is $24.91.

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 analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. On average, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,794 shares of the stock in a transaction dated 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 in the company, valued at approximately $49,051,054.96. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 87,003 shares of company stock valued at $2,403,305. 68.16% of the stock is currently owned by corporate insiders.

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.