Victory Capital Management Inc. Trims Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Victory Capital Management Inc. lowered its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,575 shares of the company’s stock after selling 3,679 shares during the quarter. Victory Capital Management Inc.’s holdings in Dream Finders Homes were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in DFH. Vanguard Group Inc. raised its position in shares of Dream Finders Homes by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after purchasing an additional 45,890 shares during the period. Cooke & Bieler LP raised its stake in shares of Dream Finders Homes by 17.5% during the 2nd 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 in the last quarter. Hood River Capital Management LLC raised its stake in shares of Dream Finders Homes by 23.7% during the 1st quarter. Hood River Capital Management LLC now owns 516,071 shares of the company’s stock worth $22,568,000 after acquiring an additional 98,922 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Dream Finders Homes by 8.3% during the 4th quarter. Wasatch Advisors LP now owns 336,518 shares of the company’s stock worth $11,956,000 after acquiring an additional 25,724 shares in the last quarter. Finally, Norden Group LLC grew its position in 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 purchasing an additional 309,461 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Trading Down 3.8 %

DFH stock opened at $36.65 on Monday. Dream Finders Homes, Inc. has a twelve month low of $18.29 and a twelve month high of $44.38. The company’s 50 day moving average is $31.14 and its two-hundred day moving average is $31.95. The stock has a market cap of $3.42 billion, a P/E ratio of 12.42, a PEG ratio of 0.68 and a beta of 1.89.

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

Analysts Set New Price Targets

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

Insider Activity at Dream Finders Homes

In other news, 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,581 shares of the 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 sale, the chief executive officer now directly owns 1,209,478 shares of the company’s stock, valued at $30,454,656.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick O. Zalupski sold 7,407 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,216,359 shares of the company’s stock, valued at approximately $30,713,064.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 267,417 shares of company stock valued at $8,464,421. 70.45% of the stock is owned by insiders.

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.