Allspring Global Investments Holdings LLC Sells 8,783 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Allspring Global Investments Holdings LLC lowered its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,341 shares of the company’s stock after selling 8,783 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Dream Finders Homes worth $4,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Dream Finders Homes in the 4th quarter worth approximately $46,000. Avalon Trust Co bought a new stake in shares of Dream Finders Homes in the 4th quarter worth approximately $48,000. Advisory Services Network LLC purchased a new position in Dream Finders Homes in the 4th quarter valued at approximately $208,000. SG Americas Securities LLC purchased a new position in Dream Finders Homes in the 4th quarter valued at approximately $226,000. Finally, Cannon Global Investment Management LLC purchased a new position in Dream Finders Homes in the 1st quarter valued at approximately $227,000. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Trading Down 0.6 %

Shares of DFH traded down $0.16 during mid-day trading on Tuesday, reaching $24.62. 25,166 shares of the stock traded hands, compared to its average volume of 420,371. The firm has a fifty day moving average price of $29.06 and a 200 day moving average price of $33.44. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.89. Dream Finders Homes, Inc. has a 1 year low of $18.29 and a 1 year high of $44.38.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DFH shares. Bank of America lifted their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective for the company in a research note on Monday, May 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $24.00 price objective on shares of Dream Finders Homes in a research note on Thursday, May 2nd.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 7,407 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 this hyperlink. In related news, CEO Patrick O. Zalupski sold 7,407 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 this hyperlink. Also, CEO Patrick O. Zalupski sold 12,966 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $360,973.44. Following the completion of the transaction, the chief executive officer now owns 1,231,396 shares of the company’s stock, valued at $34,282,064.64. The disclosure for this sale can be found here. Insiders sold 120,230 shares of company stock worth $4,113,923 in the last three months. Corporate insiders own 70.45% of the company’s stock.

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.