Victory Capital Management Inc. Raises Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Victory Capital Management Inc. boosted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,321 shares of the company’s stock after buying an additional 746 shares during the period. Victory Capital Management Inc.’s holdings in Dream Finders Homes were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC increased its stake in shares of 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 purchasing an additional 1,800 shares in the last quarter. ORG Partners LLC bought a new position in shares of Dream Finders Homes during the second quarter valued at approximately $68,000. ORG Wealth Partners LLC bought a new position in shares of Dream Finders Homes during the third quarter valued at approximately $105,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Dream Finders Homes by 139.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock valued at $75,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Palouse Capital Management Inc. bought a new stake in shares of Dream Finders Homes during the second quarter valued at approximately $79,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Dream Finders Homes Stock Performance

DFH opened at $33.34 on Thursday. Dream Finders Homes, Inc. has a fifty-two week low of $23.46 and a fifty-two week high of $44.38. The firm’s fifty day moving average is $32.74 and its 200 day moving average is $30.25. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share 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 firm had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Bank of America raised their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 32,724 shares of Dream Finders Homes stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $37.72, for a total value of $1,234,349.28. Following the sale, the director now directly owns 4,733,674 shares in the company, valued at approximately $178,554,183.28. The trade was a 0.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 59,106 shares of Dream Finders Homes stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now owns 801,105 shares in the company, valued at approximately $25,170,719.10. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 289,692 shares of company stock worth $9,655,077. 70.45% of the stock is owned by corporate insiders.

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.