Barclays PLC Purchases 28,764 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Barclays PLC boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 45.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,402 shares of the company’s stock after buying an additional 28,764 shares during the quarter. Barclays PLC owned approximately 0.10% of Dream Finders Homes worth $3,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in Dream Finders Homes by 44.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 157,611 shares of the company’s stock worth $4,070,000 after acquiring an additional 48,270 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Dream Finders Homes by 16.8% in the 2nd quarter. Principal Financial Group Inc. now owns 18,817 shares of the company’s stock worth $486,000 after acquiring an additional 2,705 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in shares of Dream Finders Homes during the 2nd quarter worth approximately $442,000. Rothschild Investment LLC acquired a new stake in Dream Finders Homes in the second quarter worth $469,000. Finally, nVerses Capital LLC increased its position in Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after buying an additional 1,800 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William Radford Lovett II sold 9,869 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $34.84, for a total transaction of $343,835.96. Following the sale, the director now owns 4,694,252 shares of the company’s stock, valued at approximately $163,547,739.68. This represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 18,214 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,706 shares of company stock valued at $5,210,406 in the last 90 days. Insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America boosted their price target on shares of 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 Stock Performance

NASDAQ:DFH opened at $23.90 on Tuesday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93. The firm has a 50-day moving average price of $30.88 and a two-hundred day moving average price of $30.43. Dream Finders Homes, Inc. has a 52 week low of $22.95 and a 52 week high of $44.38.

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

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.