State of Alaska Department of Revenue Invests $361,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

State of Alaska Department of Revenue bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,549 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Dream Finders Homes during the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in Dream Finders Homes in the third quarter valued at about $63,000. FMR LLC boosted its position 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 worth $107,000 after purchasing an additional 1,468 shares in the last quarter. nVerses Capital LLC grew its position in shares of Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $127,000 after purchasing an additional 1,600 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Dream Finders Homes in the 3rd quarter valued at approximately $234,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer now owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Price Performance

DFH stock opened at $22.50 on Friday. Dream Finders Homes, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $44.38. The business’s fifty day moving average price is $24.08 and its two-hundred day moving average price is $29.20. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.30 and a beta of 2.01.

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.