JPMorgan Chase & Co. Cuts Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

JPMorgan Chase & Co. lowered its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 76.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,951 shares of the company’s stock after selling 42,187 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dream Finders Homes were worth $469,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Dream Finders Homes in the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB purchased a new position in Dream Finders Homes in the 3rd quarter worth approximately $63,000. ORG Wealth Partners LLC acquired a new stake in Dream Finders Homes in the third quarter valued at approximately $105,000. FMR LLC raised its stake in shares of Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after purchasing an additional 1,468 shares during the period. Finally, nVerses Capital LLC lifted its position in shares of Dream Finders Homes by 84.2% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $127,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 3.9 %

Shares of DFH opened at $24.11 on Wednesday. Dream Finders Homes, Inc. has a 52-week low of $21.42 and a 52-week high of $44.38. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.79 and a beta of 2.02. The business’s 50 day moving average is $26.64 and its two-hundred day moving average is $29.98.

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). The company 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 company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America lowered their price target on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 31,919 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.06, for a total value of $991,404.14. Following the transaction, the chief executive officer now directly owns 725,000 shares in the company, valued at approximately $22,518,500. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 68,252 shares of company stock valued at $2,094,199. Insiders own 70.45% of the company’s stock.

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.