PDT Partners LLC Acquires Shares of 11,398 Dream Finders Homes, Inc. (NASDAQ:DFH)

PDT Partners LLC acquired a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,398 shares of the company’s stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DFH. Cooke & Bieler LP increased its stake 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 worth $48,182,000 after purchasing an additional 277,499 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 purchasing an additional 125,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 10,446 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Dream Finders Homes during the second quarter worth about $5,058,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Trading Down 0.3 %

Shares of NASDAQ DFH opened at $33.37 on Wednesday. Dream Finders Homes, Inc. has a 12-month low of $23.46 and a 12-month high of $44.38. The stock has a market cap of $3.12 billion, a PE ratio of 10.94, a P/E/G ratio of 0.81 and a beta of 1.93. The company has a 50-day moving average of $32.43 and a 200 day moving average of $30.33.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 8,698 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $30.39, for a total value of $264,332.22. Following the transaction, the director now directly owns 4,877,666 shares in the company, valued at $148,232,269.74. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 26,879 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $30.86, for a total transaction of $829,485.94. Following the completion of the transaction, the chief executive officer now owns 991,171 shares in the company, valued at $30,587,537.06. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,692 shares of company stock valued at $9,655,077. Corporate insiders own 70.45% of the company’s stock.

Analysts Set New Price Targets

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

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.