JPMorgan Chase & Co. Has $469,000 Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

JPMorgan Chase & Co. reduced its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 76.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,951 shares of the company's stock after selling 42,187 shares during the quarter. JPMorgan Chase & Co.'s holdings in Dream Finders Homes were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Dream Finders Homes by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company's stock valued at $917,000 after purchasing an additional 746 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Dream Finders Homes during the third quarter worth about $33,000. FMR LLC raised its position in Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after acquiring an additional 1,468 shares in the last quarter. Precision Wealth Strategies LLC lifted its holdings in Dream Finders Homes by 17.6% in the 3rd quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company's stock valued at $387,000 after acquiring an additional 1,598 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company's stock valued at $127,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 68,252 shares of company stock worth $2,094,199 over the last quarter. Corporate insiders own 70.45% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered 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, January 27th.

Dream Finders Homes Stock Down 4.6 %

Shares of NASDAQ DFH traded down $1.10 during mid-day trading on Friday, hitting $23.03. 508,649 shares of the company traded hands, compared to its average volume of 376,293. Dream Finders Homes, Inc. has a 1 year low of $21.42 and a 1 year high of $44.38. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.36 and a beta of 2.02. The business has a 50 day moving average of $26.24 and a two-hundred day moving average of $29.85.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $986.26 million for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the company posted $0.75 earnings per share. Dream Finders Homes's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

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.