Norden Group LLC Buys 309,461 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Norden Group LLC raised its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 2,580.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 321,453 shares of the company’s stock after acquiring an additional 309,461 shares during the period. Norden Group LLC’s holdings in Dream Finders Homes were worth $14,057,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB bought a new position in Dream Finders Homes during the 4th quarter valued at $2,319,000. Denali Advisors LLC raised its stake in shares of Dream Finders Homes by 226.2% during the 4th quarter. Denali Advisors LLC now owns 148,243 shares of the company’s stock worth $5,267,000 after purchasing an additional 102,800 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Dream Finders Homes during the 4th quarter worth $6,826,000. Raymond James & Associates bought a new stake in shares of Dream Finders Homes during the 4th quarter worth $788,000. Finally, Axiom Investors LLC DE bought a new stake in shares of Dream Finders Homes during the 4th quarter worth $6,718,000. 95.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DFH. Wedbush reiterated a “neutral” rating and set a $24.00 target price on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price on the stock in a research note on Monday, May 13th. Finally, Bank of America lifted their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd.

Dream Finders Homes Stock Up 0.6 %

NASDAQ DFH opened at $24.88 on Thursday. The company has a market cap of $2.32 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 0.52 and a beta of 1.89. Dream Finders Homes, Inc. has a 52 week low of $18.29 and a 52 week high of $44.38. The firm’s 50-day simple moving average is $28.61 and its two-hundred day simple moving average is $33.33.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11). The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. Dream Finders Homes’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.21 EPS for the current year.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 30,433 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the sale, the chief executive officer now directly owns 1,357,978 shares in the company, valued at $47,271,214.18. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 7,407 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $25.25, for a total value of $187,026.75. Following the completion of the sale, the chief executive officer now owns 1,216,359 shares of the company’s stock, valued at $30,713,064.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 30,433 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the sale, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The disclosure for this sale can be found here. Insiders have sold a total of 120,230 shares of company stock worth $4,113,923 over the last ninety days. Company insiders own 70.45% of the company’s stock.

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.