PDT Partners LLC Invests $413,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

PDT Partners LLC bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,398 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its holdings in Dream Finders Homes by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $49,000 after buying an additional 1,800 shares in the last quarter. ORG Partners LLC acquired a new stake in Dream Finders Homes during the 2nd quarter worth approximately $68,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Dream Finders Homes by 139.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after buying an additional 1,701 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Dream Finders Homes in the 2nd quarter valued at approximately $79,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Dream Finders Homes in the 3rd quarter valued at approximately $105,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America increased their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

Dream Finders Homes Trading Down 0.3 %

Shares of NASDAQ:DFH opened at $33.37 on Wednesday. Dream Finders Homes, Inc. has a 52 week low of $23.46 and a 52 week high of $44.38. The company’s 50 day moving average is $32.43 and its two-hundred day moving average is $30.33. The company has a market cap of $3.12 billion, a PE ratio of 10.94, a P/E/G ratio of 0.81 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Insider Activity at Dream Finders Homes

In related news, Director William Radford Lovett II sold 32,724 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $37.72, for a total value of $1,234,349.28. Following the transaction, the director now directly owns 4,733,674 shares of the company’s stock, valued at $178,554,183.28. This trade represents a 0.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick O. Zalupski sold 31,919 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.06, for a total transaction of $991,404.14. Following the completion of the transaction, the chief executive officer now directly owns 725,000 shares in the company, valued at $22,518,500. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 289,692 shares of company stock valued at $9,655,077 in the last ninety days. Insiders own 70.45% of the company’s stock.

Dream Finders Homes Company 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.