Palouse Capital Management Inc. Makes New Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Palouse Capital Management Inc. bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,076 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors also recently made changes to their positions in the stock. Denali Advisors LLC lifted its holdings in shares of Dream Finders Homes by 27.9% in the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock worth $3,625,000 after purchasing an additional 30,599 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after acquiring an additional 125,800 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after acquiring an additional 150,026 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Dream Finders Homes in the 2nd quarter worth about $538,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Dream Finders Homes in the 2nd quarter valued at about $118,000. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Stock Up 3.9 %

Dream Finders Homes stock opened at $37.34 on Thursday. Dream Finders Homes, Inc. has a 52-week low of $18.29 and a 52-week high of $44.38. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.68 and a beta of 1.89. The firm has a 50-day moving average price of $30.74 and a two-hundred day moving average price of $31.97.

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

Insider Transactions at Dream Finders Homes

In related news, Director William Radford Lovett II sold 30,000 shares of Dream Finders Homes stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the sale, the director now directly owns 4,766,398 shares in the company, valued at $164,440,731. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director William Radford Lovett II sold 30,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $34.50, for a total value of $1,035,000.00. Following the completion of the transaction, the director now directly owns 4,766,398 shares in the company, valued at $164,440,731. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick O. Zalupski sold 6,581 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $25.18, for a total transaction of $165,709.58. Following the transaction, the chief executive officer now owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 267,417 shares of company stock valued at $8,464,421. 70.45% of the stock is currently owned by corporate insiders.

About Dream Finders Homes

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.