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

Other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System boosted its position in shares of 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 valued at $213,000 after acquiring an additional 1,200 shares in the last quarter. M&T Bank Corp boosted its position in shares of Dream Finders Homes by 10.9% during the 1st quarter. M&T Bank Corp now owns 33,603 shares of the company's stock valued at $758,000 after acquiring an additional 3,306 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dream Finders Homes by 907.1% during the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after acquiring an additional 5,370 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Dream Finders Homes during the 4th quarter valued at about $518,000. Finally, Deutsche Bank AG boosted its position in shares of Dream Finders Homes by 58.3% during the 4th quarter. Deutsche Bank AG now owns 25,159 shares of the company's stock valued at $585,000 after acquiring an additional 9,269 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 10,852 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $27.81, for a total transaction of $301,794.12. Following the transaction, the chief executive officer directly owned 1,957,843 shares in the company, valued at approximately $54,447,613.83. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 63,041 shares of company stock worth $1,724,320 in the last quarter. 68.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Down 1.1%

NASDAQ:DFH traded down $0.30 on Friday, reaching $27.62. The stock had a trading volume of 89,347 shares, compared to its average volume of 445,886. The company has a market capitalization of $2.56 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15. The stock has a fifty day moving average price of $26.75 and a 200-day moving average price of $24.06.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.57 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%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. Sell-side analysts predict 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.