Raymond James & Associates Makes New Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Raymond James & Associates purchased a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,180 shares of the company’s stock, valued at approximately $788,000.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in Dream Finders Homes during the fourth quarter valued at $2,319,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Dream Finders Homes by 168.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,806 shares of the company’s stock valued at $1,930,000 after acquiring an additional 54,467 shares during the period. Csenge Advisory Group purchased a new stake in Dream Finders Homes in the 3rd quarter worth approximately $488,000. Algert Global LLC increased its holdings in Dream Finders Homes by 163.8% in the 3rd quarter. Algert Global LLC now owns 30,667 shares of the company’s stock worth $682,000 after acquiring an additional 19,040 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Dream Finders Homes during the 3rd quarter worth approximately $416,000. Institutional investors own 95.55% of the company’s stock.

Insider Buying and Selling at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 24,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total transaction of $770,796.00. Following the sale, the chief executive officer now directly owns 1,615,376 shares of the company’s stock, valued at $51,029,727.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the sale, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The disclosure for this sale can be found here. Insiders sold 277,812 shares of company stock worth $10,552,415 in the last quarter. 74.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DFH. Bank of America increased their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st.

Dream Finders Homes Stock Performance

Shares of NASDAQ:DFH opened at $36.47 on Wednesday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.91 and a beta of 1.99. The firm has a fifty day moving average price of $37.99 and a 200 day moving average price of $31.46. Dream Finders Homes, Inc. has a fifty-two week low of $14.59 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.71 by $0.29. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $898.68 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts predict that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current year.

Dream Finders Homes 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.