Rhumbline Advisers Buys 2,615 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Rhumbline Advisers raised its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 6.8% during the second quarter, HoldingsChannel.com reports. The firm owned 40,884 shares of the company’s stock after acquiring an additional 2,615 shares during the quarter. Rhumbline Advisers’ holdings in Dream Finders Homes were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC bought a new stake in Dream Finders Homes in the first quarter valued at approximately $25,000. Janus Henderson Group PLC increased its position in shares of Dream Finders Homes by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock valued at $992,000 after buying an additional 728 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dream Finders Homes by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after buying an additional 1,041 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Dream Finders Homes by 926.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after buying an additional 1,103 shares during the period. Finally, US Bancorp DE lifted its holdings in Dream Finders Homes by 4.0% during the first quarter. US Bancorp DE now owns 30,243 shares of the company’s stock worth $1,323,000 after acquiring an additional 1,169 shares in the last quarter. 95.55% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 54,665 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the completion of the transaction, the chief executive officer now directly owns 1,056,618 shares in the company, valued at approximately $35,312,173.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total transaction of $771,710.10. Following the sale, the director now directly owns 4,941,109 shares of the company’s stock, valued at $153,915,545.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 54,665 shares of Dream Finders Homes stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the completion of the transaction, the chief executive officer now directly owns 1,056,618 shares of the company’s stock, valued at approximately $35,312,173.56. The disclosure for this sale can be found here. Insiders have sold 267,417 shares of company stock worth $8,464,421 over the last ninety days. Insiders own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their target price on Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday.

Dream Finders Homes Trading Down 3.8 %

DFH stock opened at $36.65 on Monday. The stock has a market cap of $3.42 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.68 and a beta of 1.89. The stock has a 50-day moving average price of $31.14 and a two-hundred day moving average price of $31.95. Dream Finders Homes, Inc. has a 1 year low of $18.29 and a 1 year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. Dream Finders Homes’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. On average, analysts forecast that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current fiscal year.

Dream Finders Homes 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.