Azzad Asset Management Inc. ADV Makes New Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Azzad Asset Management Inc. ADV bought a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,121 shares of the company's stock, valued at approximately $442,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norden Group LLC raised its stake in shares of Dream Finders Homes by 2,580.6% during the 1st quarter. Norden Group LLC now owns 321,453 shares of the company's stock worth $14,057,000 after acquiring an additional 309,461 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $5,058,000. Great Lakes Advisors LLC acquired a new stake in shares of Dream Finders Homes in the 4th quarter worth $6,826,000. Axiom Investors LLC DE purchased a new position in Dream Finders Homes during the 4th quarter worth $6,718,000. Finally, Hood River Capital Management LLC increased its position in Dream Finders Homes by 23.7% during the 1st quarter. Hood River Capital Management LLC now owns 516,071 shares of the company's stock valued at $22,568,000 after buying an additional 98,922 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 6,581 shares of the firm's stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the sale, the chief executive officer now owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of the company's stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $31.15, for a total value of $771,710.10. Following the transaction, the director now owns 4,941,109 shares of the company's stock, valued at $153,915,545.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick O. Zalupski sold 6,581 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the transaction, the chief executive officer now directly owns 1,209,478 shares of the company's stock, valued at approximately $30,454,656.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,806 shares of company stock valued at $5,720,077. 70.45% of the stock is owned by company insiders.

Dream Finders Homes Price Performance

NASDAQ DFH traded up $0.16 during mid-day trading on Friday, hitting $33.45. The stock had a trading volume of 362,155 shares, compared to its average volume of 431,700. The firm's 50 day moving average is $28.78 and its 200 day moving average is $32.19. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.64 and a beta of 1.89. Dream Finders Homes, Inc. has a twelve month low of $18.29 and a twelve month high of $44.38.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zelman & Associates upgraded shares of Dream Finders Homes from a "neutral" rating to an "outperform" rating and set a $34.50 price target on the stock 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.