GSA Capital Partners LLP Buys 2,153 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

GSA Capital Partners LLP lifted its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,761 shares of the company’s stock after acquiring an additional 2,153 shares during the quarter. GSA Capital Partners LLP’s holdings in Dream Finders Homes were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in Dream Finders Homes in the fourth quarter worth approximately $13,324,000. Wasatch Advisors LP increased its holdings in Dream Finders Homes by 8.3% in the fourth quarter. Wasatch Advisors LP now owns 336,518 shares of the company’s stock worth $11,956,000 after purchasing an additional 25,724 shares in the last quarter. Norden Group LLC increased its holdings in Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after purchasing an additional 309,461 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Dream Finders Homes by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 194,969 shares of the company’s stock worth $6,927,000 after purchasing an additional 16,902 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Dream Finders Homes in the fourth quarter valued at approximately $6,826,000. 95.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Up 3.4 %

Shares of NASDAQ:DFH opened at $27.83 on Friday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.56 and a beta of 1.89. Dream Finders Homes, Inc. has a 12-month low of $18.29 and a 12-month high of $44.38. The business’s 50 day moving average is $27.34 and its 200 day moving average is $32.87.

Dream Finders Homes (NASDAQ:DFH) last announced 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). The company 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%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 6,581 shares of Dream Finders Homes stock in a transaction 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 sale, the chief executive officer now directly owns 1,209,478 shares in the company, valued at $30,454,656.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 sale, the chief executive officer now directly owns 1,300,973 shares in the company, valued at $39,380,452.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 6,581 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $25.18, for a total value of $165,709.58. Following the completion of the sale, the chief executive officer now owns 1,209,478 shares in the company, valued at $30,454,656.04. The disclosure for this sale can be found here. Insiders have sold a total of 91,850 shares of company stock valued at $2,795,188 over the last 90 days. 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.