UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 8.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,024 shares of the company’s stock after selling 3,329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dream Finders Homes were worth $1,232,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC boosted its position in shares of Dream Finders Homes by 1,800.0% during the 2nd 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 last quarter. Benjamin F. Edwards & Company Inc. lifted its position in 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 purchasing an additional 1,701 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in shares of Dream Finders Homes in the 2nd quarter worth $79,000. ORG Wealth Partners LLC purchased a new stake in shares of Dream Finders Homes during the 3rd quarter valued at about $105,000. Finally, FMR LLC raised its position in shares of Dream Finders Homes by 99.4% during 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 in the last quarter. Institutional investors own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

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

Dream Finders Homes Price Performance

Shares of DFH opened at $27.16 on Wednesday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.72 and a beta of 1.93. The company has a 50-day moving average of $31.37 and a 200 day moving average of $30.48. Dream Finders Homes, Inc. has a 1-year low of $23.46 and a 1-year high of $44.38.

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 the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 33,018 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $36.58, for a total value of $1,207,798.44. Following the completion of the transaction, the chief executive officer now directly owns 931,121 shares of the company’s stock, valued at $34,060,406.18. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Radford Lovett II sold 32,724 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $37.72, for a total transaction of $1,234,349.28. Following the completion of the sale, the director now owns 4,733,674 shares of the company’s stock, valued at $178,554,183.28. This trade represents a 0.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 212,234 shares of company stock worth $7,152,397. Company insiders own 70.45% of the company’s stock.

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.