Arcus Capital Partners LLC Decreases Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Arcus Capital Partners LLC reduced its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,701,682 shares of the company’s stock after selling 94,749 shares during the period. Dream Finders Homes accounts for approximately 22.3% of Arcus Capital Partners LLC’s investment portfolio, making the stock its biggest holding. Arcus Capital Partners LLC’s holdings in Dream Finders Homes were worth $61,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DFH. nVerses Capital LLC raised its holdings in Dream Finders Homes by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after acquiring an additional 1,800 shares during the period. ORG Partners LLC purchased a new stake in Dream Finders Homes in the 2nd quarter worth $68,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Dream Finders Homes by 139.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after buying an additional 1,701 shares in the last quarter. Palouse Capital Management Inc. bought a new position in shares of Dream Finders Homes during the 2nd quarter valued at approximately $79,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Dream Finders Homes in the 3rd quarter worth $105,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted 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.

Insider Buying and Selling

In other news, CEO Patrick O. Zalupski sold 59,106 shares of Dream Finders Homes stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total value of $1,857,110.52. Following the transaction, the chief executive officer now directly owns 801,105 shares in the company, valued at approximately $25,170,719.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick O. Zalupski sold 59,106 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the transaction, the chief executive officer now directly owns 801,105 shares of the company’s stock, valued at approximately $25,170,719.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Radford Lovett II sold 16,466 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $30.73, for a total value of $506,000.18. Following the transaction, the director now owns 4,914,124 shares in the company, valued at approximately $151,011,030.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,708 shares of company stock valued at $11,334,408 over the last three months. 70.45% of the stock is owned by company insiders.

Dream Finders Homes Price Performance

Dream Finders Homes stock opened at $31.23 on Tuesday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.93. The company’s 50-day moving average is $33.26 and its 200 day moving average is $30.49. Dream Finders Homes, Inc. has a 1-year low of $22.29 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. Dream Finders Homes’s revenue was up 10.4% on a year-over-year basis. Research analysts anticipate 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.