Jane Street Group LLC Acquires New Shares in Smith Douglas Homes Corp. (NYSE:SDHC)

Jane Street Group LLC acquired a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,032 shares of the company’s stock, valued at approximately $530,000.

Several other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp increased its stake in Smith Douglas Homes by 39.0% in the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock valued at $985,000 after purchasing an additional 7,310 shares in the last quarter. Wasatch Advisors LP purchased a new position in Smith Douglas Homes during the third quarter worth $8,104,000. Townsquare Capital LLC increased its position in Smith Douglas Homes by 39.4% during the third quarter. Townsquare Capital LLC now owns 46,371 shares of the company’s stock worth $1,752,000 after buying an additional 13,110 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Smith Douglas Homes during the third quarter worth $591,000. Finally, Quantbot Technologies LP increased its position in Smith Douglas Homes by 287.0% during the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after buying an additional 2,738 shares in the last quarter.

Insider Activity

In other news, Director Jeffrey T. Jackson purchased 8,605 shares of the stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of $29.77 per share, with a total value of $256,170.85. Following the completion of the transaction, the director now owns 15,748 shares in the company, valued at approximately $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Smith Douglas Homes Stock Down 1.6 %

Shares of NYSE:SDHC opened at $24.49 on Monday. Smith Douglas Homes Corp. has a 52 week low of $20.55 and a 52 week high of $39.50. The business has a fifty day simple moving average of $31.42 and a 200-day simple moving average of $31.87.

Analysts Set New Price Targets

Several research firms have weighed in on SDHC. Wells Fargo & Company raised their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Bank of America raised their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. dropped their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.20.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.