Norden Group LLC Has $711,000 Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Norden Group LLC boosted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 47.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,563 shares of the company’s stock after purchasing an additional 9,765 shares during the quarter. Norden Group LLC’s holdings in Dream Finders Homes were worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arcus Capital Partners LLC boosted its holdings in shares of Dream Finders Homes by 21.1% in the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock valued at $47,967,000 after buying an additional 359,659 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after buying an additional 663,180 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after buying an additional 39,130 shares during the period. Hennessy Advisors Inc. boosted its holdings in shares of Dream Finders Homes by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after buying an additional 15,100 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Dream Finders Homes by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after buying an additional 10,446 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 4.6 %

Shares of DFH stock opened at $22.82 on Tuesday. The company’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $28.77. The firm has a market cap of $2.13 billion, a PE ratio of 7.46, a P/E/G ratio of 1.28 and a beta of 2.01. Dream Finders Homes, Inc. has a 12 month low of $20.54 and a 12 month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. On average, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America cut their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

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.