Bretton Capital Management LLC Invests $4.51 Million in Dream Finders Homes, Inc. (NASDAQ:DFH)

Bretton Capital Management LLC bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 124,500 shares of the company's stock, valued at approximately $4,508,000. Dream Finders Homes accounts for approximately 4.3% of Bretton Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Bretton Capital Management LLC owned 0.13% of Dream Finders Homes as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Dream Finders Homes in the 1st quarter valued at approximately $312,000. SG Americas Securities LLC lifted its position in shares of Dream Finders Homes by 445.3% during the 1st quarter. SG Americas Securities LLC now owns 34,641 shares of the company's stock valued at $1,515,000 after acquiring an additional 28,288 shares during the period. Swiss National Bank raised its position in Dream Finders Homes by 7.3% during the first quarter. Swiss National Bank now owns 48,700 shares of the company's stock valued at $2,130,000 after purchasing an additional 3,300 shares in the last quarter. Sei Investments Co. boosted its stake in Dream Finders Homes by 15.4% in the first quarter. Sei Investments Co. now owns 164,517 shares of the company's stock valued at $7,194,000 after buying an additional 21,933 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Dream Finders Homes by 4.0% in the 1st quarter. US Bancorp DE now owns 30,243 shares of the company's stock valued at $1,323,000 after purchasing an additional 1,169 shares during the last quarter. Institutional investors own 95.55% of the company's stock.

Insiders Place Their Bets

In other Dream Finders Homes news, Director William Radford Lovett II sold 16,466 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $30.73, for a total transaction of $506,000.18. Following the completion of the transaction, the director now owns 4,914,124 shares of the company's stock, valued at $151,011,030.52. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 31,919 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.06, for a total transaction of $991,404.14. Following the transaction, the chief executive officer now owns 725,000 shares in the company, valued at $22,518,500. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 360,823 shares of company stock worth $11,987,982. 70.45% of the stock is owned by corporate insiders.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock remained flat at $28.64 during trading hours on Thursday. The stock had a trading volume of 398,408 shares, compared to its average volume of 421,303. The business has a 50 day moving average price of $33.19 and a two-hundred day moving average price of $30.43. Dream Finders Homes, Inc. has a 52-week low of $23.46 and a 52-week high of $44.38. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $986.26 million for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Dream Finders Homes Company 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.