Algert Global LLC Sells 26,131 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Algert Global LLC lowered its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 51.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,490 shares of the company's stock after selling 26,131 shares during the quarter. Algert Global LLC's holdings in Dream Finders Homes were worth $887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DFH. Vanguard Group Inc. boosted its holdings in shares of Dream Finders Homes by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company's stock worth $92,504,000 after acquiring an additional 45,890 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Dream Finders Homes by 17.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company's stock valued at $304,000 after buying an additional 1,041 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Dream Finders Homes by 3.3% during the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company's stock valued at $992,000 after buying an additional 728 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of Dream Finders Homes by 6.2% in the second quarter. Simplicity Wealth LLC now owns 21,565 shares of the company's stock worth $557,000 after buying an additional 1,259 shares in the last quarter. Finally, Csenge Advisory Group boosted its position in shares of Dream Finders Homes by 31.1% in the second quarter. Csenge Advisory Group now owns 19,573 shares of the company's stock valued at $505,000 after acquiring an additional 4,646 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dream Finders Homes

In related news, Director William Radford Lovett II sold 8,698 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $30.39, for a total transaction of $264,332.22. Following the completion of the sale, the director now directly owns 4,877,666 shares of the company's stock, valued at approximately $148,232,269.74. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick O. Zalupski sold 33,018 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $36.58, for a total value of $1,207,798.44. Following the completion of the sale, the chief executive officer now owns 931,121 shares in the company, valued at approximately $34,060,406.18. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,692 shares of company stock worth $9,655,077 over the last quarter. Insiders own 70.45% of the company's stock.

Dream Finders Homes Price Performance

DFH stock traded down $0.07 during trading on Friday, reaching $33.27. The company had a trading volume of 195,497 shares, compared to its average volume of 457,355. The business has a 50 day moving average of $32.50 and a 200 day moving average of $30.32. The company has a market cap of $3.11 billion, a P/E ratio of 10.87, a PEG ratio of 0.80 and a beta of 1.93. Dream Finders Homes, Inc. has a 52 week low of $23.46 and a 52 week high of $44.38.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings data 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). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.75 EPS. The business's revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised their price target on Dream Finders Homes from $35.00 to $38.00 and gave the company 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.