The Manufacturers Life Insurance Company Has $379,000 Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

The Manufacturers Life Insurance Company lifted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,678 shares of the company’s stock after purchasing an additional 2,050 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dream Finders Homes were worth $379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DFH. Naples Money Management LLC bought a new position in shares of Dream Finders Homes in the first quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. raised its holdings in Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after buying an additional 1,103 shares during the last quarter. nVerses Capital LLC raised its holdings in Dream Finders Homes by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $49,000 after purchasing an additional 1,800 shares during the last quarter. ORG Partners LLC bought a new position in Dream Finders Homes during the 2nd quarter worth approximately $68,000. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Dream Finders Homes during the 2nd quarter worth approximately $79,000. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Price Performance

DFH opened at $33.93 on Thursday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.75 and a beta of 1.89. The firm’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $31.30. Dream Finders Homes, Inc. has a 1 year low of $18.29 and a 1 year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its 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 return on equity of 32.99% and a net margin of 8.00%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Insider Activity at Dream Finders Homes

In other news, Director William Radford Lovett II sold 8,698 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $30.39, for a total transaction of $264,332.22. Following the sale, the director now directly owns 4,877,666 shares in the company, valued at $148,232,269.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 16,987 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $33.09, for a total value of $562,099.83. Following the completion of the sale, the chief executive officer now owns 877,341 shares of the company’s stock, valued at $29,031,213.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Radford Lovett II sold 8,698 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $30.39, for a total value of $264,332.22. Following the completion of the sale, the director now directly owns 4,877,666 shares of the company’s stock, valued at approximately $148,232,269.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,253 shares of company stock worth $10,688,058. Company insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America raised 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, 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.