Hennessy Advisors Inc. Purchases Shares of 195,900 Dream Finders Homes, Inc. (NASDAQ:DFH)

Hennessy Advisors Inc. bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 195,900 shares of the company’s stock, valued at approximately $5,058,000. Hennessy Advisors Inc. owned approximately 0.21% of Dream Finders Homes as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DFH. Raymond James & Associates acquired a new stake in Dream Finders Homes in the 4th quarter valued at $788,000. Federated Hermes Inc. bought a new position in Dream Finders Homes during the 4th quarter valued at about $13,324,000. New York State Common Retirement Fund boosted its position in Dream Finders Homes by 129.6% in the fourth quarter. New York State Common Retirement Fund now owns 68,510 shares of the company’s stock valued at $2,434,000 after buying an additional 38,668 shares in the last quarter. Truist Financial Corp bought a new stake in Dream Finders Homes during the fourth quarter worth about $606,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Dream Finders Homes by 117,818.2% during the fourth quarter. Russell Investments Group Ltd. now owns 12,971 shares of the company’s stock worth $461,000 after buying an additional 12,960 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Insider Buying and Selling

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,581 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total value of $165,709.58. Following the transaction, the chief executive officer now owns 1,209,478 shares of the company’s stock, valued at $30,454,656.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick O. Zalupski sold 6,581 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $25.18, for a total value of $165,709.58. Following the completion of the transaction, the chief executive officer now directly owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 11,804 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the transaction, the chief executive officer now owns 1,130,907 shares of the company’s stock, valued at approximately $32,366,558.34. The disclosure for this sale can be found here. Insiders sold a total of 124,659 shares of company stock valued at $3,698,568 over the last three months. Company insiders own 70.45% of the company’s stock.

Dream Finders Homes Stock Performance

Shares of DFH opened at $31.03 on Friday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.64 and a beta of 1.89. Dream Finders Homes, Inc. has a 52 week low of $18.29 and a 52 week high of $44.38. The business’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $32.13.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 34.21%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, research analysts forecast that Dream Finders Homes, Inc. will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

DFH has been the topic of a number of research analyst reports. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price target on the stock in a research report on Monday, May 13th. Wedbush restated a “neutral” rating and set a $24.00 target price on shares of Dream Finders Homes in a report on Thursday, May 2nd.

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.