Hennessy Advisors Inc. Invests $5.06 Million in Dream Finders Homes, Inc. (NASDAQ:DFH)

Hennessy Advisors Inc. acquired a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,900 shares of the company's stock, valued at approximately $5,058,000. Hennessy Advisors Inc. owned approximately 0.21% of Dream Finders Homes as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DFH. Raymond James & Associates bought a new position in Dream Finders Homes in the fourth quarter valued at $788,000. Federated Hermes Inc. bought a new position in Dream Finders Homes in the fourth quarter valued at $13,324,000. New York State Common Retirement Fund grew its position in Dream Finders Homes by 129.6% in the fourth quarter. New York State Common Retirement Fund now owns 68,510 shares of the company's stock valued at $2,434,000 after purchasing an additional 38,668 shares in the last quarter. Truist Financial Corp bought a new position in Dream Finders Homes in the fourth quarter valued at $606,000. Finally, Russell Investments Group Ltd. grew its position in Dream Finders Homes by 117,818.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,971 shares of the company's stock valued at $461,000 after purchasing an additional 12,960 shares in the last quarter. Institutional investors own 95.55% of the company's stock.

Dream Finders Homes Price Performance

DFH stock traded up $2.47 during trading hours on Friday, reaching $33.49. The stock had a trading volume of 562,491 shares, compared to its average volume of 429,305. The stock has a 50-day simple moving average of $27.94 and a 200 day simple moving average of $32.13. The stock has a market capitalization of $3.12 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.64 and a beta of 1.89. Dream Finders Homes, Inc. has a fifty-two week low of $18.29 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 34.21%. Dream Finders Homes's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.21 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 11,804 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the sale, the chief executive officer now owns 1,130,907 shares in the company, valued at approximately $32,366,558.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Patrick O. Zalupski sold 11,804 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total transaction of $337,830.48. Following the transaction, the chief executive officer now directly owns 1,130,907 shares of the company's stock, valued at $32,366,558.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Radford Lovett II sold 24,774 shares of the firm's stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $31.15, for a total transaction of $771,710.10. Following the transaction, the director now directly owns 4,941,109 shares in the company, valued at $153,915,545.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,659 shares of company stock worth $3,698,568. 70.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on DFH shares. Wedbush reiterated a "neutral" rating and issued a $24.00 price target on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Zelman & Associates upgraded shares of Dream Finders Homes from a "neutral" rating to an "outperform" rating and set a $34.50 price target for the company in a research note on Monday, May 13th.

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.