Envestnet Asset Management Inc. Acquires 60,125 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Envestnet Asset Management Inc. boosted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 48.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,005 shares of the company's stock after buying an additional 60,125 shares during the quarter. Envestnet Asset Management Inc. owned 0.20% of Dream Finders Homes worth $4,305,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DFH. First Horizon Advisors Inc. boosted its position in shares of Dream Finders Homes by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after purchasing an additional 568 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $63,000. KLP Kapitalforvaltning AS acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at about $116,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at about $149,000. Finally, Amalgamated Bank increased its holdings in shares of Dream Finders Homes by 872.9% in the 4th quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after purchasing an additional 7,193 shares during the period. Institutional investors own 95.55% of the company's stock.

Insider Buying and Selling

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the 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 transaction, the chief financial officer now owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 70.45% of the stock is currently owned by corporate insiders.

Dream Finders Homes Price Performance

NASDAQ:DFH traded down $0.30 during mid-day trading on Tuesday, reaching $22.70. The stock had a trading volume of 262,623 shares, compared to its average volume of 502,323. The business's 50 day moving average is $23.00 and its 200 day moving average is $25.75. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $39.15. The stock has a market cap of $2.12 billion, a P/E ratio of 7.42, a PEG ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping 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 the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm's revenue was up 35.2% on a year-over-year basis. Equities analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Bank of America dropped their target price 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.

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.