Norden Group LLC Buys 9,765 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Norden Group LLC grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 47.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,563 shares of the company’s stock after acquiring an additional 9,765 shares during the period. Norden Group LLC’s holdings in Dream Finders Homes were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Dream Finders Homes in the third quarter valued at about $33,000. First Horizon Advisors Inc. grew its stake in shares of Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after acquiring an additional 568 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Dream Finders Homes in the third quarter valued at about $63,000. FMR LLC grew its stake in shares of Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Dream Finders Homes in the fourth quarter valued at about $149,000. 95.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Bank of America decreased their price target 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 Performance

DFH stock opened at $22.82 on Tuesday. The company’s 50-day simple moving average is $23.02 and its 200 day simple moving average is $28.77. Dream Finders Homes, Inc. has a 52 week low of $20.54 and a 52 week high of $44.38. The company has a market capitalization of $2.13 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. On average, analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 70.45% of the company’s stock.

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.