Elgethun Capital Management Grows Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Elgethun Capital Management grew its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,704 shares of the company's stock after buying an additional 11,726 shares during the period. Elgethun Capital Management owned 0.14% of Dream Finders Homes worth $2,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Dream Finders Homes by 230.6% in the 4th quarter. Legal & General Group Plc now owns 79,842 shares of the company's stock worth $1,877,000 after acquiring an additional 55,695 shares during the last quarter. Invesco Ltd. grew its stake in shares of Dream Finders Homes by 210.7% in the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company's stock valued at $11,819,000 after buying an additional 344,426 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Dream Finders Homes by 48.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company's stock valued at $4,305,000 after buying an additional 60,125 shares during the period. Wells Fargo & Company MN lifted its stake in Dream Finders Homes by 50.7% during the 4th quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock worth $10,296,000 after acquiring an additional 148,789 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Dream Finders Homes by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 624,318 shares of the company's stock valued at $14,531,000 after acquiring an additional 1,976 shares during the period. Institutional investors and hedge funds own 95.55% of the company's stock.

Insiders Place Their Bets

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares of the company's stock, valued at $4,511,376.37. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 70.45% of the stock is owned by company insiders.

Dream Finders Homes Price Performance

Shares of DFH stock traded up $0.08 during trading hours on Friday, hitting $21.58. The stock had a trading volume of 453,731 shares, compared to its average volume of 502,052. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15. The firm has a market capitalization of $2.02 billion, a PE ratio of 7.05, a PEG ratio of 1.28 and a beta of 1.95. The stock's 50 day moving average is $22.99 and its 200 day moving average is $26.78.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.25. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 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 35.2% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Bank of America reduced their price objective on Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

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.