Azzad Asset Management Inc. ADV Acquires 4,721 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Azzad Asset Management Inc. ADV boosted its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,842 shares of the company’s stock after purchasing an additional 4,721 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Dream Finders Homes were worth $791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its stake in Dream Finders Homes by 8.3% in the 4th quarter. Wasatch Advisors LP now owns 336,518 shares of the company’s stock worth $11,956,000 after acquiring an additional 25,724 shares during the last quarter. Virtu Financial LLC bought a new stake in Dream Finders Homes in the 4th quarter worth approximately $543,000. Cannon Global Investment Management LLC bought a new stake in Dream Finders Homes in the 1st quarter worth approximately $227,000. Norden Group LLC increased its stake in Dream Finders Homes by 2,580.6% in the 1st quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after acquiring an additional 309,461 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Insider Activity at Dream Finders Homes

In related news, Director William Radford Lovett II sold 24,774 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $31.15, for a total transaction of $771,710.10. Following the completion of the transaction, the director now owns 4,941,109 shares in the company, valued at $153,915,545.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director William Radford Lovett II sold 24,774 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $31.15, for a total transaction of $771,710.10. Following the completion of the transaction, the director now owns 4,941,109 shares in the company, valued at $153,915,545.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick O. Zalupski sold 33,018 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $36.58, for a total value of $1,207,798.44. Following the transaction, the chief executive officer now owns 931,121 shares of the company’s stock, valued at approximately $34,060,406.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 329,040 shares of company stock worth $10,897,669 in the last quarter. 70.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Dream Finders Homes Stock Performance

NASDAQ DFH opened at $33.59 on Wednesday. The company has a market cap of $3.13 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.83 and a beta of 1.89. The business’s 50 day moving average price is $32.13 and its 200-day moving average price is $31.69. Dream Finders Homes, Inc. has a fifty-two week low of $18.29 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.22 EPS 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.