Bank of America Corp DE Sells 607,470 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Bank of America Corp DE lowered its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 90.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,508 shares of the company's stock after selling 607,470 shares during the quarter. Bank of America Corp DE owned about 0.07% of Dream Finders Homes worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DFH. Vanguard Group Inc. lifted its holdings in shares of Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock worth $72,788,000 after acquiring an additional 605,508 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock worth $139,847,000 after purchasing an additional 594,592 shares during the period. Cooke & Bieler LP raised its position in Dream Finders Homes by 19.7% in the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock worth $51,124,000 after purchasing an additional 361,616 shares during the period. Arcus Capital Partners LLC lifted its stake in Dream Finders Homes by 21.1% in the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company's stock worth $47,967,000 after purchasing an additional 359,659 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Dream Finders Homes by 210.7% in the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company's stock worth $11,819,000 after purchasing an additional 344,426 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Dream Finders Homes Price Performance

Dream Finders Homes stock traded down $0.43 during trading hours on Friday, reaching $21.99. The company had a trading volume of 544,076 shares, compared to its average volume of 490,274. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15. The company has a 50-day moving average price of $22.02 and a 200 day moving average price of $24.04. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 1.28 and a beta of 1.86.

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

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

Insiders Place Their Bets

In other 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 value of $25,200.21. Following the completion of the transaction, the chief financial officer now owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 68.16% of the company's stock.

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.