Elgethun Capital Management Raises Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Elgethun Capital Management boosted its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,704 shares of the company’s stock after buying an additional 11,726 shares during the quarter. Elgethun Capital Management’s holdings in Dream Finders Homes were worth $2,972,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Hennessy Advisors Inc. grew its stake in shares of Dream Finders Homes by 6.8% in the fourth 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. Geode Capital Management LLC boosted its holdings in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after acquiring an additional 39,130 shares during the period. Barclays PLC increased its stake in Dream Finders Homes by 45.2% during the third quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after purchasing an additional 28,764 shares during the period. Amalgamated Bank lifted its position in shares of Dream Finders Homes by 872.9% during the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock worth $187,000 after purchasing an additional 7,193 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake 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 during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America cut their target price on shares of 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.

Insider Buying and Selling at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Stock Performance

DFH opened at $22.21 on Monday. The company has a market cap of $2.07 billion, a P/E ratio of 7.26, a PEG ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a one year low of $20.50 and a one year high of $43.45. The business’s 50-day simple moving average is $23.25 and its 200-day simple moving average is $27.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Dream Finders Homes Company 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.