UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,329 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,024 shares of the company’s stock after selling 3,329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dream Finders Homes were worth $1,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. nVerses Capital LLC increased its stake in Dream Finders Homes by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after acquiring an additional 1,800 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of 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 buying an additional 1,701 shares during the period. Palouse Capital Management Inc. bought a new stake in shares of Dream Finders Homes in the 2nd quarter valued at about $79,000. ORG Wealth Partners LLC purchased a new stake in Dream Finders Homes during the 3rd quarter valued at about $105,000. Finally, FMR LLC grew its position in Dream Finders Homes by 99.4% during the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Insider Buying and Selling

In other news, CEO Patrick O. Zalupski sold 33,018 shares of Dream Finders Homes stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 931,121 shares in the company, valued at approximately $34,060,406.18. This trade represents a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Radford Lovett II sold 9,869 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $34.84, for a total value of $343,835.96. Following the completion of the sale, the director now owns 4,694,252 shares in the company, valued at $163,547,739.68. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 212,234 shares of company stock valued at $7,152,397 over the last ninety days. Company insiders own 70.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America raised their target price 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 Price Performance

Shares of NASDAQ:DFH opened at $27.16 on Wednesday. Dream Finders Homes, Inc. has a 1 year low of $23.46 and a 1 year high of $44.38. The company has a market cap of $2.54 billion, a PE ratio of 8.88, a P/E/G ratio of 0.72 and a beta of 1.93. The stock’s 50-day moving average is $31.37 and its 200 day moving average is $30.48.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share 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 firm had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

About Dream Finders Homes

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.