The Manufacturers Life Insurance Company Cuts Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

The Manufacturers Life Insurance Company trimmed its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 3.7% in the third quarter, HoldingsChannel.com reports. The fund owned 14,138 shares of the company’s stock after selling 540 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dream Finders Homes were worth $512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cooke & Bieler LP boosted its stake in shares of Dream Finders Homes by 17.5% in the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after buying an additional 277,499 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after acquiring an additional 150,026 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after acquiring an additional 125,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dream Finders Homes by 4.8% during the 3rd 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. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Dream Finders Homes in the 2nd quarter valued at approximately $5,058,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 18,119 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total value of $602,637.94. Following the transaction, the chief executive officer now owns 2,003,125 shares in the company, valued at $66,623,937.50. The trade was a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William Radford Lovett II sold 9,869 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $34.84, for a total value of $343,835.96. Following the sale, the director now directly owns 4,694,252 shares of the company’s stock, valued at $163,547,739.68. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 242,234 shares of company stock valued at $8,187,397. Insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

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.

Dream Finders Homes Stock Down 2.9 %

Shares of Dream Finders Homes stock opened at $28.74 on Friday. The firm has a market capitalization of $2.69 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a 52 week low of $23.46 and a 52 week high of $44.38. The firm’s 50 day moving average is $31.60 and its two-hundred day moving average is $30.47.

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