HighTower Advisors LLC Takes $234,000 Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

HighTower Advisors LLC acquired a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,443 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DFH. Victory Capital Management Inc. raised its stake in shares of Dream Finders Homes by 3.0% during the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after acquiring an additional 746 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Dream Finders Homes during the 3rd quarter worth $33,000. Versor Investments LP lifted its holdings in Dream Finders Homes by 13.0% during the 2nd quarter. Versor Investments LP now owns 11,800 shares of the company’s stock worth $305,000 after buying an additional 1,354 shares during the period. FMR LLC grew its position in shares of Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after buying an additional 1,468 shares during the last quarter. Finally, Precision Wealth Strategies LLC increased its stake in shares of Dream Finders Homes by 17.6% in the third quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company’s stock valued at $387,000 after buying an additional 1,598 shares during the period. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Up 0.2 %

DFH stock opened at $23.95 on Wednesday. The company’s fifty day simple moving average is $30.69 and its 200 day simple moving average is $30.40. Dream Finders Homes, Inc. has a 12-month low of $22.95 and a 12-month high of $44.38. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data 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). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 9,869 shares of Dream Finders Homes stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total value of $343,835.96. Following the completion of the sale, the director now directly owns 4,694,252 shares of the company’s stock, valued at approximately $163,547,739.68. The trade was a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 16,987 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $33.09, for a total transaction of $562,099.83. Following the transaction, the chief executive officer now directly owns 877,341 shares in the company, valued at $29,031,213.69. This trade represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,706 shares of company stock valued at $5,210,406. 70.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America lifted their price objective on 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 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.