Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 25.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 109,810 shares of the company’s stock after selling 38,433 shares during the period. Dream Finders Homes accounts for 1.4% of Denali Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Denali Advisors LLC’s holdings in Dream Finders Homes were worth $4,802,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at approximately $46,000. Avalon Trust Co purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at approximately $48,000. Advisory Services Network LLC purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at approximately $208,000. SG Americas Securities LLC purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at approximately $226,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Dream Finders Homes in the 1st quarter valued at approximately $227,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DFH shares. Bank of America increased their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Zelman & Associates raised shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price on the stock in a research report on Monday, May 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Dream Finders Homes in a research report on Thursday, May 2nd.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 7,407 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $25.25, for a total value of $187,026.75. Following the completion of the sale, the chief executive officer now owns 1,216,359 shares in the company, valued at $30,713,064.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 7,407 shares of Dream Finders Homes stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $25.25, for a total transaction of $187,026.75. Following the completion of the transaction, the chief executive officer now owns 1,216,359 shares in the company, valued at $30,713,064.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 34,961 shares of Dream Finders Homes stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $42.46, for a total transaction of $1,484,444.06. Following the transaction, the chief executive officer now owns 1,428,742 shares of the company’s stock, valued at approximately $60,664,385.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,230 shares of company stock worth $4,113,923. Company insiders own 70.45% of the company’s stock.

Dream Finders Homes Price Performance

Shares of DFH stock traded up $0.16 during mid-day trading on Wednesday, hitting $24.89. The stock had a trading volume of 156,070 shares, compared to its average volume of 419,837. Dream Finders Homes, Inc. has a fifty-two week low of $18.29 and a fifty-two week high of $44.38. The firm has a market cap of $2.32 billion, a PE ratio of 8.39, a PEG ratio of 0.54 and a beta of 1.89. The company’s 50-day simple moving average is $28.82 and its 200-day simple moving average is $33.39.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The firm had revenue of $827.80 million during the quarter, compared to analyst estimates of $886.34 million. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Dream Finders Homes, Inc. will post 3.21 EPS for the current year.

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.