Nordea Investment Management AB Sells 696 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Nordea Investment Management AB lessened its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 1.1% during the 1st quarter, Holdings Channel reports. The firm owned 63,714 shares of the company’s stock after selling 696 shares during the period. Nordea Investment Management AB’s holdings in Dream Finders Homes were worth $2,817,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Denali Advisors LLC increased its stake in Dream Finders Homes by 226.2% in the fourth quarter. Denali Advisors LLC now owns 148,243 shares of the company’s stock valued at $5,267,000 after purchasing an additional 102,800 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Dream Finders Homes in the fourth quarter valued at about $6,826,000. Raymond James & Associates bought a new stake in shares of Dream Finders Homes in the fourth quarter worth about $788,000. Axiom Investors LLC DE acquired a new stake in shares of Dream Finders Homes during the fourth quarter worth about $6,718,000. Finally, Norden Group LLC lifted its holdings in shares of Dream Finders Homes by 2,580.6% during the 1st quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after purchasing an additional 309,461 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DFH shares. Zelman & Associates raised Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price for the company in a research note on Monday, May 13th. Wedbush restated a “neutral” rating and set a $24.00 price objective on shares of Dream Finders Homes in a report on Thursday, May 2nd. Finally, Bank of America increased their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd.

Dream Finders Homes Trading Up 1.1 %

Dream Finders Homes stock opened at $24.87 on Thursday. Dream Finders Homes, Inc. has a 1-year low of $18.29 and a 1-year high of $44.38. The company has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $32.99. The company has a market cap of $2.32 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

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

Insider Buying and Selling

In other news, CEO Patrick O. Zalupski sold 6,581 shares of Dream Finders Homes stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the transaction, the chief executive officer now directly owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick O. Zalupski sold 23,479 shares of Dream Finders Homes stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $30.27, for a total transaction of $710,709.33. Following the completion of the sale, the chief executive officer now owns 1,300,973 shares of the company’s stock, valued at $39,380,452.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 6,581 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $25.18, for a total value of $165,709.58. Following the sale, the chief executive officer now directly owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,850 shares of company stock worth $2,795,188. Insiders own 70.45% of the company’s stock.

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.