Victory Capital Management Inc. Boosts Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Victory Capital Management Inc. grew its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,321 shares of the company’s stock after acquiring an additional 746 shares during the period. Victory Capital Management Inc.’s holdings in Dream Finders Homes were worth $917,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Dream Finders Homes by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock worth $92,504,000 after acquiring an additional 45,890 shares in the last quarter. Denali Advisors LLC increased its holdings in shares of Dream Finders Homes by 27.9% in the second 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 period. Cornercap Investment Counsel Inc. bought a new position in Dream Finders Homes in the second quarter valued at $538,000. Rothschild Investment LLC bought a new position in Dream Finders Homes in the second quarter valued at $469,000. Finally, Dimensional Fund Advisors LP increased its stake in Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Up 1.3 %

DFH opened at $33.34 on Thursday. The stock has a market cap of $3.12 billion, a PE ratio of 10.90, a P/E/G ratio of 0.82 and a beta of 1.93. Dream Finders Homes, Inc. has a 52 week low of $23.46 and a 52 week high of $44.38. The business’s fifty day simple moving average is $32.74 and its 200 day simple moving average is $30.25.

Dream Finders Homes (NASDAQ:DFH) last posted 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). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Buying and Selling at Dream Finders Homes

In other news, Director William Radford Lovett II sold 8,698 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $30.39, for a total transaction of $264,332.22. Following the completion of the sale, the director now directly owns 4,877,666 shares in the company, valued at approximately $148,232,269.74. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 26,879 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $30.86, for a total transaction of $829,485.94. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 289,692 shares of company stock worth $9,655,077 over the last three months. Company insiders own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their target price on 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 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.