Geode Capital Management LLC Acquires 39,130 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Geode Capital Management LLC boosted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 622,342 shares of the company's stock after buying an additional 39,130 shares during the quarter. Geode Capital Management LLC owned approximately 0.67% of Dream Finders Homes worth $22,539,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Denali Advisors LLC grew its position in shares of Dream Finders Homes by 27.9% during the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company's stock worth $3,625,000 after buying an additional 30,599 shares during the period. Barclays PLC grew its holdings in Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock worth $3,345,000 after acquiring an additional 28,764 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $538,000. Natixis Advisors LLC lifted its stake in shares of Dream Finders Homes by 85.2% in the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company's stock valued at $1,617,000 after purchasing an additional 20,551 shares during the period. Finally, Bretton Capital Management LLC bought a new position in shares of Dream Finders Homes in the 3rd quarter worth $4,508,000. Institutional investors and hedge funds own 95.55% of the company's stock.

Dream Finders Homes Price Performance

NASDAQ DFH traded down $0.89 during trading hours on Friday, reaching $23.19. The company's stock had a trading volume of 378,734 shares, compared to its average volume of 479,567. Dream Finders Homes, Inc. has a 52 week low of $22.95 and a 52 week high of $44.38. The stock has a market cap of $2.17 billion, a P/E ratio of 7.58, a P/E/G ratio of 0.72 and a beta of 1.93. The firm has a fifty day simple moving average of $29.87 and a 200-day simple moving average of $30.30.

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 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 company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.75 EPS. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Transactions at Dream Finders Homes

In other news, Director William Radford Lovett II sold 10,492 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total value of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares of the company's stock, valued at approximately $157,118,148. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the sale, the chief executive officer now owns 1,956,353 shares in the company, valued at $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,706 shares of company stock worth $5,210,406 in the last quarter. 70.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Bank of America boosted their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, September 19th.

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.