Jane Street Group LLC Cuts Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Jane Street Group LLC trimmed its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,441 shares of the company’s stock after selling 2,471 shares during the quarter. Jane Street Group LLC’s holdings in Dream Finders Homes were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cooke & Bieler LP raised its holdings in shares of Dream Finders Homes by 17.5% during the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after acquiring an additional 277,499 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after purchasing an additional 663,180 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after purchasing an additional 150,026 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after buying an additional 125,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dream Finders Homes by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock worth $8,207,000 after buying an additional 10,446 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 1.5 %

NASDAQ:DFH opened at $22.84 on Tuesday. Dream Finders Homes, Inc. has a 52 week low of $22.18 and a 52 week high of $44.38. The stock’s fifty day moving average is $29.87 and its two-hundred day moving average is $30.32. The company has a market capitalization of $2.13 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.75 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

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

Analyst Upgrades and Downgrades

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 report on Thursday, September 19th.

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.