Kayne Anderson Rudnick Investment Management LLC Has $121.80 Million Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,717,223 shares of the company’s stock after selling 151,894 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 5.06% of Dream Finders Homes worth $121,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC lifted its stake 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 worth $14,057,000 after buying an additional 309,461 shares during the last quarter. Cooke & Bieler LP lifted its position in Dream Finders Homes by 17.5% during the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after acquiring an additional 277,499 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Dream Finders Homes during the second quarter worth approximately $5,058,000. Axiom Investors LLC DE acquired a new position in shares of Dream Finders Homes in the fourth quarter valued at approximately $6,718,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after purchasing an additional 150,026 shares during the period. Institutional investors own 95.55% of the company’s stock.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the transaction, the director now directly owns 4,766,398 shares of the company’s stock, valued at approximately $164,440,731. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Dream Finders Homes news, Director William Radford Lovett II sold 30,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the sale, the director now owns 4,766,398 shares of the company’s stock, valued at approximately $164,440,731. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 6,581 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,209,478 shares of the company’s stock, valued at approximately $30,454,656.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 267,417 shares of company stock valued at $8,464,421. 70.45% of the stock is owned by corporate insiders.

Dream Finders Homes Stock Down 3.6 %

NASDAQ DFH opened at $36.72 on Friday. The firm has a 50-day moving average price of $31.14 and a two-hundred day moving average price of $31.99. Dream Finders Homes, Inc. has a 12-month low of $18.29 and a 12-month high of $44.38. The company has a market capitalization of $3.42 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.68 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. Equities analysts expect that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America upped their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday.

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.