Charles Schwab Investment Management Inc. Boosts Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Charles Schwab Investment Management Inc. grew its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 237,520 shares of the company’s stock after buying an additional 10,869 shares during the period. Charles Schwab Investment Management Inc. owned 0.25% of Dream Finders Homes worth $5,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hennessy Advisors Inc. boosted its holdings in Dream Finders Homes by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock worth $5,485,000 after acquiring an additional 15,100 shares in the last quarter. Geode Capital Management LLC grew its position in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Barclays PLC increased its stake in Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company’s stock valued at $3,345,000 after purchasing an additional 28,764 shares in the last quarter. Natixis Advisors LLC increased its stake in Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock valued at $1,617,000 after purchasing an additional 20,551 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Dream Finders Homes by 872.9% in the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock worth $187,000 after buying an additional 7,193 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 0.9 %

Dream Finders Homes stock opened at $24.24 on Wednesday. The stock has a 50-day moving average price of $23.51 and a 200 day moving average price of $27.99. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99. Dream Finders Homes, Inc. has a 52 week low of $20.54 and a 52 week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $1.00 earnings per share. Dream Finders Homes’s quarterly revenue was up 35.2% on a year-over-year basis. Research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Activity at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the sale, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 70.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America dropped their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

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.