Natixis Advisors LLC Increases Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Natixis Advisors LLC grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 85.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,662 shares of the company’s stock after purchasing an additional 20,551 shares during the period. Natixis Advisors LLC’s holdings in Dream Finders Homes were worth $1,617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. nVerses Capital LLC increased its position 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 period. ORG Partners LLC purchased a new stake in shares of Dream Finders Homes in the second quarter valued at approximately $68,000. ORG Wealth Partners LLC acquired a new position in Dream Finders Homes during the third quarter worth $105,000. Benjamin F. Edwards & Company Inc. raised its position in Dream Finders Homes by 139.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in Dream Finders Homes in the second quarter valued at $79,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

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

Dream Finders Homes Price Performance

NASDAQ DFH opened at $33.90 on Tuesday. The business has a 50 day moving average price of $32.80 and a 200 day moving average price of $30.24. The company has a market capitalization of $3.17 billion, a P/E ratio of 11.08, a PEG ratio of 0.76 and a beta of 1.93. Dream Finders Homes, Inc. has a 1-year low of $23.46 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. On average, research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 26,879 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $30.86, for a total transaction of $829,485.94. Following the transaction, the chief executive officer now owns 991,171 shares of the company’s stock, valued at approximately $30,587,537.06. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Radford Lovett II sold 8,698 shares of the firm’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 transaction of $264,332.22. Following the sale, the director now owns 4,877,666 shares in the company, valued at approximately $148,232,269.74. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,692 shares of company stock worth $9,655,077 over the last ninety days. 70.45% of the stock is currently owned by insiders.

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.