Elgethun Capital Management Acquires 11,726 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Elgethun Capital Management increased its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,704 shares of the company’s stock after buying an additional 11,726 shares during the period. Elgethun Capital Management owned about 0.14% of Dream Finders Homes worth $2,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Dream Finders Homes by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock worth $8,207,000 after buying an additional 10,446 shares during the last quarter. FMR LLC increased its holdings in shares of Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after acquiring an additional 1,468 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Dream Finders Homes in the 3rd quarter valued at approximately $234,000. Janus Henderson Group PLC grew its position in Dream Finders Homes by 2,502.1% during the 3rd quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock worth $24,974,000 after purchasing an additional 663,180 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Dream Finders Homes during the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Up 4.2 %

Dream Finders Homes stock opened at $22.21 on Monday. Dream Finders Homes, Inc. has a 52 week low of $20.50 and a 52 week high of $43.45. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95. The business’s 50-day moving average price is $23.25 and its 200 day moving average price is $27.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. Equities analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Transactions at Dream Finders Homes

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares of the company’s stock, valued at approximately $4,511,376.37. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price objective on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

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.