Connor Clark & Lunn Investment Management Ltd. Sells 51,546 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 47.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,678 shares of the company's stock after selling 51,546 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Dream Finders Homes worth $2,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DFH. nVerses Capital LLC raised its holdings in shares of Dream Finders Homes by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock worth $49,000 after acquiring an additional 1,800 shares during the period. ORG Partners LLC acquired a new stake in shares of Dream Finders Homes during the second quarter worth $68,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Dream Finders Homes by 139.2% during 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. Palouse Capital Management Inc. acquired a new stake in shares of Dream Finders Homes during the second quarter worth $79,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Dream Finders Homes during the third quarter worth $105,000. 95.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised their price objective on shares of 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

DFH stock traded down $1.00 during midday trading on Tuesday, hitting $32.90. The company's stock had a trading volume of 584,815 shares, compared to its average volume of 459,240. Dream Finders Homes, Inc. has a twelve month low of $23.46 and a twelve month high of $44.38. The company's fifty day moving average price is $32.80 and its 200 day moving average price is $30.24. The stock has a market capitalization of $3.08 billion, a P/E ratio of 10.74, a PEG ratio of 0.76 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm's quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, Director William Radford Lovett II sold 8,698 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $30.39, for a total transaction of $264,332.22. Following the transaction, the director now directly owns 4,877,666 shares in the company, valued at $148,232,269.74. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick O. Zalupski sold 26,879 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $30.86, for a total transaction of $829,485.94. Following the transaction, the chief executive officer now owns 991,171 shares in the company, valued at $30,587,537.06. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 289,692 shares of company stock worth $9,655,077. Insiders own 70.45% of the company's stock.

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.