Balyasny Asset Management L.P. Invests $1.10 Million in Dream Finders Homes, Inc. (NASDAQ:DFH)

Balyasny Asset Management L.P. acquired a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,050 shares of the company's stock, valued at approximately $1,095,000. Balyasny Asset Management L.P. owned approximately 0.05% of Dream Finders Homes at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. lifted its position in Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock worth $27,000 after acquiring an additional 568 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Dream Finders Homes during the 4th quarter worth approximately $116,000. Oregon Public Employees Retirement Fund acquired a new position in Dream Finders Homes during the 4th quarter worth approximately $149,000. State of Tennessee Department of Treasury purchased a new stake in Dream Finders Homes during the 4th quarter worth approximately $163,000. Finally, Amalgamated Bank increased its holdings in Dream Finders Homes by 872.9% during the 4th quarter. Amalgamated Bank now owns 8,017 shares of the company's stock worth $187,000 after purchasing an additional 7,193 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH traded up $0.44 during trading on Friday, reaching $23.63. The stock had a trading volume of 227,357 shares, compared to its average volume of 494,850. Dream Finders Homes, Inc. has a one year low of $19.65 and a one year high of $39.15. The stock has a market cap of $2.21 billion, a PE ratio of 7.72, a P/E/G ratio of 1.28 and a beta of 1.95. The firm's 50 day moving average price is $22.71 and its two-hundred day moving average price is $24.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same period in the prior year, the company earned $0.55 earnings per share. The business's revenue was up 19.6% on a year-over-year basis. On average, research analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Activity

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This represents a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 70.45% of the company's stock.

Wall Street Analysts Forecast Growth

DFH has been the topic of several analyst reports. Wedbush restated a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a report on Tuesday, May 6th. Bank of America dropped their price objective on Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, January 27th.

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.