DHK Financial Advisors Inc. Purchases New Shares in Dream Finders Homes, Inc. (NASDAQ:DFH)

DHK Financial Advisors Inc. bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 17,780 shares of the company’s stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DFH. D. E. Shaw & Co. Inc. purchased a new position in Dream Finders Homes during the fourth quarter worth approximately $518,000. Barclays PLC grew its stake in shares of Dream Finders Homes by 45.2% in the third quarter. Barclays PLC now owns 92,402 shares of the company’s stock valued at $3,345,000 after buying an additional 28,764 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Dream Finders Homes by 58.3% during the fourth quarter. Deutsche Bank AG now owns 25,159 shares of the company’s stock worth $585,000 after purchasing an additional 9,269 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Dream Finders Homes by 50.7% during the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company’s stock worth $10,296,000 after acquiring an additional 148,789 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Dream Finders Homes by 48.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company’s stock valued at $4,305,000 after purchasing an additional 60,125 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wedbush reiterated a “neutral” rating and set a $26.00 target price on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

Insider Buying and Selling

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 68.16% of the company’s stock.

Dream Finders Homes Stock Performance

Shares of DFH stock opened at $21.99 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.28 and a beta of 1.86. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $39.15. The stock’s 50-day moving average is $22.01 and its two-hundred day moving average is $24.00.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, research analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current 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.