Daiwa Securities Group Inc. Purchases 13,026 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Daiwa Securities Group Inc. grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,704 shares of the company’s stock after buying an additional 13,026 shares during the period. Daiwa Securities Group Inc. owned approximately 0.08% of Dream Finders Homes worth $2,596,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DFH. Charles Schwab Investment Management Inc. boosted its stake in shares of Dream Finders Homes by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after purchasing an additional 10,446 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Dream Finders Homes in the 3rd quarter worth about $429,000. Natixis Advisors LLC grew its holdings in Dream Finders Homes by 85.2% in the third quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after purchasing an additional 20,551 shares during the period. Bretton Capital Management LLC purchased a new stake in shares of Dream Finders Homes in the third quarter worth $4,508,000. Finally, Victory Capital Management Inc. grew its position in Dream Finders Homes by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 26,879 shares of the 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 $30,587,537.06. This represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Radford Lovett II sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.55, for a total transaction of $976,500.00. Following the completion of the sale, the director now owns 4,836,398 shares of the company’s stock, valued at approximately $157,424,754.90. This represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,692 shares of company stock worth $9,655,077. Company insiders own 70.45% of the company’s stock.

Analysts Set New Price Targets

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

Dream Finders Homes Price Performance

Dream Finders Homes stock opened at $33.34 on Thursday. The company’s 50-day moving average is $32.74 and its 200 day moving average is $30.25. Dream Finders Homes, Inc. has a 1-year low of $23.46 and a 1-year high of $44.38. The firm has a market capitalization of $3.12 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last posted 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 company had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Research analysts anticipate 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.