Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 52.7% during the third quarter, HoldingsChannel reports. The firm owned 9,851 shares of the company’s stock after selling 10,969 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Dream Finders Homes were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Patrick O. Zalupski sold 26,879 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $30.86, for a total transaction of $829,485.94. Following the transaction, the chief executive officer now directly owns 991,171 shares in the company, valued at approximately $30,587,537.06. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Radford Lovett II sold 16,466 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $30.73, for a total transaction of $506,000.18. Following the transaction, the director now owns 4,914,124 shares in the company, valued at $151,011,030.52. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 360,823 shares of company stock worth $11,987,982 over the last 90 days. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Stock Performance

DFH stock opened at $28.11 on Monday. The firm has a market cap of $2.63 billion, a PE ratio of 9.19, a P/E/G ratio of 0.68 and a beta of 1.93. The firm’s fifty day moving average is $33.12 and its 200 day moving average is $30.28. Dream Finders Homes, Inc. has a one year low of $23.46 and a one year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. Research analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal 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.