Algert Global LLC Purchases New Stake in Dream Finders Homes, Inc. $DFH

Key Points

• Algert Global LLC purchased 19,950 shares of Dream Finders Homes, Inc. for approximately $450,000 in the first quarter, indicating growing institutional interest in the company.
• CEO Patrick O. Zalupski sold 10,852 shares at $27.81 each, decreasing his ownership stake to around 1,957,843 shares, while insiders currently own 68.16% of the stock.
• Wedbush reaffirmed a "neutral" rating with a target price of $26.00 for Dream Finders Homes, with current market performance showing a 1-year low of $19.65 and a high of $39.15.

Algert Global LLC purchased a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,950 shares of the company's stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DFH. Eukles Asset Management purchased a new stake in shares of Dream Finders Homes during the 1st quarter worth about $34,000. GAMMA Investing LLC lifted its position in Dream Finders Homes by 907.1% during the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after acquiring an additional 5,370 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Dream Finders Homes during the 4th quarter worth approximately $163,000. State of Wyoming lifted its position in Dream Finders Homes by 223.6% during the 4th quarter. State of Wyoming now owns 8,104 shares of the company's stock worth $189,000 after acquiring an additional 5,600 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Dream Finders Homes by 14.6% during the 1st quarter. New York State Teachers Retirement System now owns 9,438 shares of the company's stock worth $213,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Insider Activity

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,852 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total value of $301,794.12. Following the transaction, the chief executive officer directly owned 1,957,843 shares of the company's stock, valued at $54,447,613.83. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 63,041 shares of company stock valued at $1,724,320. Corporate insiders own 68.16% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $29.00.

Dream Finders Homes Price Performance

Dream Finders Homes stock traded down $0.19 during midday trading on Friday, hitting $27.72. 232,433 shares of the company were exchanged, compared to its average volume of 446,804. The company's fifty day moving average price is $26.86 and its 200-day moving average price is $24.13. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $39.15. The company has a market cap of $2.58 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same period last year, the business earned $0.83 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

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.