Daiwa Securities Group Inc. Raises Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Daiwa Securities Group Inc. increased its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,704 shares of the company’s stock after buying an additional 13,026 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dream Finders Homes were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DFH. Charles Schwab Investment Management Inc. boosted its holdings in Dream Finders Homes by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock worth $8,207,000 after acquiring an additional 10,446 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Dream Finders Homes in the 3rd quarter valued at approximately $429,000. Natixis Advisors LLC boosted its stake in Dream Finders Homes by 85.2% in the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after purchasing an additional 20,551 shares in the last quarter. Bretton Capital Management LLC purchased a new stake in Dream Finders Homes during the 3rd quarter worth approximately $4,508,000. Finally, Victory Capital Management Inc. increased its stake in Dream Finders Homes by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after purchasing an additional 746 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America lifted their price objective 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.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 31,919 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.06, for a total value of $991,404.14. Following the completion of the transaction, the chief executive officer now owns 725,000 shares in the company, valued at approximately $22,518,500. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Radford Lovett II sold 8,698 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $30.39, for a total transaction of $264,332.22. Following the sale, the director now directly owns 4,877,666 shares in the company, valued at approximately $148,232,269.74. The trade was a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 289,692 shares of company stock worth $9,655,077 over the last quarter. 70.45% of the stock is currently owned by insiders.

Dream Finders Homes Trading Up 1.3 %

Shares of NASDAQ DFH opened at $33.34 on Thursday. The company has a 50 day simple moving average of $32.74 and a two-hundred day simple moving average of $30.25. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.82 and a beta of 1.93. Dream Finders Homes, Inc. has a 12 month low of $23.46 and a 12 month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The business had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current 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.