SG Americas Securities LLC Sells 6,613 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

SG Americas Securities LLC reduced its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 57.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,870 shares of the company’s stock after selling 6,613 shares during the period. SG Americas Securities LLC’s holdings in Dream Finders Homes were worth $176,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Cannon Global Investment Management LLC bought a new stake in Dream Finders Homes during the 1st quarter worth $227,000. Norden Group LLC lifted its stake in shares of Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after acquiring an additional 309,461 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Dream Finders Homes by 926.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after acquiring an additional 1,103 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Dream Finders Homes during the first quarter worth $705,000. Finally, Naples Money Management LLC acquired a new stake in Dream Finders Homes during the 1st quarter worth about $25,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Stock Performance

Dream Finders Homes stock opened at $32.09 on Thursday. The stock has a market cap of $2.99 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The firm’s 50-day simple moving average is $33.18 and its 200 day simple moving average is $30.98. Dream Finders Homes, Inc. has a fifty-two week low of $18.29 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.22 EPS for the current fiscal year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,804 shares of Dream Finders Homes stock in a transaction dated 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 transaction, the chief executive officer now owns 1,130,907 shares of the company’s stock, valued at $32,366,558.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick O. Zalupski sold 11,804 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,130,907 shares in the company, valued at $32,366,558.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $33.66, for a total value of $353,160.72. Following the completion of the transaction, the director now owns 4,667,800 shares in the company, valued at $157,118,148. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 282,400 shares of company stock worth $9,499,681. 70.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Bank of America raised their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a report 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.