Vestcor Inc Makes New $645,000 Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Vestcor Inc acquired a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,800 shares of the company's stock, valued at approximately $645,000.

A number of other hedge funds have also modified their holdings of DFH. Denali Advisors LLC grew its position in 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 purchasing an additional 30,599 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Dream Finders Homes in the second quarter worth $538,000. Natixis Advisors LLC boosted its holdings in Dream Finders Homes by 85.2% during the third quarter. Natixis Advisors LLC now owns 44,662 shares of the company's stock valued at $1,617,000 after acquiring an additional 20,551 shares during the period. Bretton Capital Management LLC bought a new stake in Dream Finders Homes during the 3rd quarter valued at approximately $4,508,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Dream Finders Homes in the second quarter worth $469,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 18,119 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total transaction of $602,637.94. Following the completion of the transaction, the chief executive officer now directly owns 2,003,125 shares in the company, valued at approximately $66,623,937.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Radford Lovett II sold 30,000 shares of Dream Finders Homes stock in a transaction on Monday, September 16th. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the transaction, the director now directly owns 4,766,398 shares in the company, valued at approximately $164,440,731. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,234 shares of company stock valued at $8,187,397. Company insiders own 70.45% of the company's stock.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Down 2.6 %

NASDAQ:DFH traded down $0.78 on Friday, reaching $28.82. The stock had a trading volume of 672,148 shares, compared to its average volume of 459,196. Dream Finders Homes, Inc. has a 1-year low of $23.46 and a 1-year high of $44.38. The stock has a fifty day moving average price of $31.60 and a 200-day moving average price of $30.46. The company has a market capitalization of $2.69 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93.

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 (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). The company had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal 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.