Captrust Financial Advisors Lowers Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Captrust Financial Advisors cut its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 75.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,594 shares of the company’s stock after selling 17,121 shares during the period. Captrust Financial Advisors’ holdings in Dream Finders Homes were worth $203,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Dream Finders Homes by 3.0% in the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock worth $917,000 after purchasing an additional 746 shares in the last quarter. Versor Investments LP increased its stake in Dream Finders Homes by 13.0% in the 2nd quarter. Versor Investments LP now owns 11,800 shares of the company’s stock worth $305,000 after acquiring an additional 1,354 shares during the last quarter. FMR LLC increased its stake in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. Precision Wealth Strategies LLC increased its stake in Dream Finders Homes by 17.6% in the 3rd quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company’s stock worth $387,000 after acquiring an additional 1,598 shares during the last quarter. Finally, nVerses Capital LLC increased its stake in Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $127,000 after acquiring an additional 1,600 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dream Finders Homes news, Director William Radford Lovett II sold 32,724 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $37.72, for a total value of $1,234,349.28. Following the transaction, the director now owns 4,733,674 shares of the company’s stock, valued at $178,554,183.28. This represents a 0.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick O. Zalupski sold 16,987 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $33.09, for a total value of $562,099.83. Following the completion of the transaction, the chief executive officer now directly owns 877,341 shares in the company, valued at $29,031,213.69. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,234 shares of company stock valued at $7,152,397. 70.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Performance

NASDAQ DFH opened at $28.65 on Tuesday. The company has a market cap of $2.68 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.72 and a beta of 1.93. The business’s 50 day moving average price is $31.50 and its 200-day moving average price is $30.49. Dream Finders Homes, Inc. has a fifty-two week low of $23.46 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). The company had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.35 EPS for the current 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.