Intech Investment Management LLC Purchases New Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Intech Investment Management LLC bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,857 shares of the company’s stock, valued at approximately $429,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dream Finders Homes by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after buying an additional 45,890 shares in the last quarter. Cooke & Bieler LP raised its position in shares of Dream Finders Homes by 17.5% during the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after acquiring an additional 277,499 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dream Finders Homes by 55.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after buying an additional 150,026 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after acquiring an additional 125,800 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Dream Finders Homes during the 2nd quarter worth approximately $5,058,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 33,018 shares of Dream Finders Homes stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $36.58, for a total transaction of $1,207,798.44. Following the completion of the sale, the chief executive officer now owns 931,121 shares of the company’s stock, valued at approximately $34,060,406.18. The trade was a 3.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Radford Lovett II sold 32,724 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $37.72, for a total value of $1,234,349.28. Following the completion of the transaction, the director now directly owns 4,733,674 shares in the company, valued at $178,554,183.28. The trade was a 0.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 289,692 shares of company stock valued at $9,655,077. Corporate insiders own 70.45% of the company’s stock.

Dream Finders Homes Stock Up 0.8 %

Shares of DFH opened at $33.53 on Tuesday. The stock’s fifty day simple moving average is $32.50 and its 200-day simple moving average is $30.30. The firm has a market capitalization of $3.13 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.93. Dream Finders Homes, Inc. has a 12-month low of $23.46 and a 12-month high of $44.38.

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

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price objective on 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 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.