Bleakley Financial Group LLC Sells 348 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Bleakley Financial Group LLC lowered its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,217 shares of the company’s stock after selling 348 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dream Finders Homes were worth $768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Naples Money Management LLC bought a new stake in Dream Finders Homes during the first quarter worth about $25,000. Janus Henderson Group PLC grew its stake in Dream Finders Homes by 3.3% during the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock worth $992,000 after buying an additional 728 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dream Finders Homes by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock worth $304,000 after buying an additional 1,041 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Dream Finders Homes by 926.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after buying an additional 1,103 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Dream Finders Homes by 4.0% during the first quarter. US Bancorp DE now owns 30,243 shares of the company’s stock valued at $1,323,000 after purchasing an additional 1,169 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Price Performance

DFH opened at $33.86 on Tuesday. Dream Finders Homes, Inc. has a one year low of $18.29 and a one year high of $44.38. The company’s 50 day simple moving average is $33.13 and its 200-day simple moving average is $31.06. The stock has a market capitalization of $3.16 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Dream Finders Homes’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 11,804 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total value of $337,830.48. Following the transaction, the chief executive officer now directly owns 1,130,907 shares in the company, valued at $32,366,558.34. 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 the SEC website. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 54,665 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.42, for a total value of $1,826,904.30. Following the sale, the chief executive officer now directly owns 1,056,618 shares in the company, valued at approximately $35,312,173.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Patrick O. Zalupski sold 11,804 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the sale, the chief executive officer now owns 1,130,907 shares in the company, valued at approximately $32,366,558.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 282,400 shares of company stock worth $9,499,681 over the last ninety days. Company insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

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

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.