Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 42.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,302 shares of the company’s stock after buying an additional 6,352 shares during the period. Dark Forest Capital Management LP’s holdings in Dream Finders Homes were worth $550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in Dream Finders Homes by 445.3% in the 1st quarter. SG Americas Securities LLC now owns 34,641 shares of the company’s stock valued at $1,515,000 after purchasing an additional 28,288 shares during the last quarter. Norden Group LLC lifted its position in Dream Finders Homes by 2,580.6% in 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 during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Dream Finders Homes in the 1st quarter valued at about $1,570,000. Vanguard Group Inc. lifted its position in Dream Finders Homes by 2.2% in 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 last quarter. Finally, Denali Advisors LLC lifted its position in Dream Finders Homes by 27.9% in the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock valued at $3,625,000 after purchasing an additional 30,599 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Dream Finders Homes Trading Up 6.0 %

DFH stock opened at $36.66 on Friday. Dream Finders Homes, Inc. has a 52 week low of $18.29 and a 52 week high of $44.38. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.89. The firm’s 50-day moving average is $31.70 and its two-hundred day moving average is $31.91.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.65 EPS. Dream Finders Homes’s 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.

Insiders Place Their Bets

In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $153,915,545.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William Radford Lovett II sold 24,774 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total value of $771,710.10. Following the sale, the director now directly owns 4,941,109 shares in the company, valued at approximately $153,915,545.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick O. Zalupski sold 33,018 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $36.58, for a total transaction of $1,207,798.44. Following the completion of the sale, the chief executive officer now owns 931,121 shares in the company, valued at $34,060,406.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 325,752 shares of company stock worth $10,719,542. 70.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Bank of America lifted their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

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.