Cornerstone Wealth Group LLC Buys New Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Cornerstone Wealth Group LLC bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,000 shares of the company's stock, valued at approximately $233,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company's stock worth $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Dream Finders Homes by 5.5% in the second quarter. Millennium Management LLC now owns 171,638 shares of the company's stock worth $4,432,000 after acquiring an additional 8,921 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Dream Finders Homes by 16.2% in the second quarter. The Manufacturers Life Insurance Company now owns 14,678 shares of the company's stock valued at $379,000 after purchasing an additional 2,050 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Dream Finders Homes during the 2nd quarter valued at approximately $482,000. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Dream Finders Homes by 27.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 21,842 shares of the company's stock valued at $791,000 after purchasing an additional 4,721 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 31,919 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $31.06, for a total value of $991,404.14. Following the completion of the sale, the chief executive officer now owns 725,000 shares in the company, valued at $22,518,500. This represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 68,252 shares of company stock valued at $2,094,199 over the last quarter. Company insiders own 70.45% of the company's stock.

Dream Finders Homes Price Performance

Shares of NASDAQ DFH traded down $1.10 during mid-day trading on Friday, reaching $23.03. 327,735 shares of the company traded hands, compared to its average volume of 406,697. The firm has a market cap of $2.15 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.36 and a beta of 2.02. Dream Finders Homes, Inc. has a fifty-two week low of $21.42 and a fifty-two week high of $44.38. The stock has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $29.89.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday.

Dream Finders Homes 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.