Daiwa Securities Group Inc. Has $1.81 Million Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Daiwa Securities Group Inc. grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,704 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Daiwa Securities Group Inc. owned about 0.08% of Dream Finders Homes worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DFH. Victory Capital Management Inc. boosted its position in Dream Finders Homes by 3.0% in the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after buying an additional 746 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Dream Finders Homes by 85.2% in the 3rd 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 last quarter. Intech Investment Management LLC acquired a new stake in shares of Dream Finders Homes during the 3rd quarter valued at $429,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dream Finders Homes by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after acquiring an additional 10,446 shares in the last quarter. Finally, FMR LLC grew its position in Dream Finders Homes by 99.4% during the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America cut their price target on 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.

Insider Transactions at Dream Finders Homes

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 18,214 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the sale, the chief executive officer now owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. The trade was a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 70.45% of the company’s stock.

Dream Finders Homes Stock Up 3.4 %

Shares of Dream Finders Homes stock opened at $24.21 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.28 and a beta of 1.99. Dream Finders Homes, Inc. has a twelve month low of $20.54 and a twelve month high of $44.38. The company’s fifty day moving average is $23.27 and its 200 day moving average is $28.43.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up 35.2% on a year-over-year basis. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.31 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.