Janney Montgomery Scott LLC Invests $215,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

Janney Montgomery Scott LLC purchased a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,244 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also modified their holdings of DFH. Janus Henderson Group PLC lifted its stake in Dream Finders Homes by 2,502.1% in the 3rd quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after buying an additional 663,180 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dream Finders Homes by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after buying an additional 39,130 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in Dream Finders Homes by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after buying an additional 15,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dream Finders Homes by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after buying an additional 10,446 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in Dream Finders Homes by 13.1% in the 3rd quarter. De Lisle Partners LLP now owns 172,943 shares of the company’s stock valued at $6,263,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,119 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total transaction of $602,637.94. Following the transaction, the chief executive officer now owns 2,003,125 shares of the company’s stock, valued at $66,623,937.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America reduced their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Dream Finders Homes Stock Performance

DFH stock opened at $21.01 on Thursday. Dream Finders Homes, Inc. has a 1 year low of $20.54 and a 1 year high of $44.38. The firm has a market cap of $1.96 billion, a P/E ratio of 6.86, a PEG ratio of 1.30 and a beta of 2.01. The stock’s 50 day moving average price is $24.42 and its 200 day moving average price is $29.33.

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.