Brandywine Global Investment Management LLC Makes New Investment in Dream Finders Homes, Inc. $DFH

Key Points

• Brandywine Global Investment Management LLC has acquired a new stake in Dream Finders Homes, purchasing 130,112 shares valued at approximately $2.93 million, which constitutes about 0.14% ownership of the company.
• Other investors, including Eukles Asset Management and GAMMA Investing LLC, have also made significant changes to their positions, indicating growing interest among institutional investors in Dream Finders Homes.
• Dream Finders Homes reported $0.57 earnings per share for the last quarter, falling short of consensus estimates, while the company anticipates posting 3.31 EPS for the current fiscal year.

Brandywine Global Investment Management LLC purchased a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 130,112 shares of the company's stock, valued at approximately $2,935,000. Brandywine Global Investment Management LLC owned about 0.14% of Dream Finders Homes as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its position in Dream Finders Homes by 14.6% in the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company's stock valued at $213,000 after buying an additional 1,200 shares during the last quarter. M&T Bank Corp boosted its holdings in Dream Finders Homes by 10.9% in the 1st quarter. M&T Bank Corp now owns 33,603 shares of the company's stock worth $758,000 after buying an additional 3,306 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Dream Finders Homes by 907.1% in the first 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 in the fourth quarter worth approximately $518,000. Finally, Deutsche Bank AG increased its position in shares of Dream Finders Homes by 58.3% during the fourth quarter. Deutsche Bank AG now owns 25,159 shares of the company's stock worth $585,000 after purchasing an additional 9,269 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,852 shares of Dream Finders Homes stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total transaction of $301,794.12. Following the transaction, the chief executive officer owned 1,957,843 shares in the company, valued at $54,447,613.83. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 52,096 shares of company stock worth $1,413,179. 68.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wedbush restated a "neutral" rating and issued a $26.00 price objective on shares of Dream Finders Homes in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, Based on 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 Up 7.8%

Shares of Dream Finders Homes stock traded up $2.1320 on Friday, hitting $29.6220. 614,454 shares of the company were exchanged, compared to its average volume of 454,685. The company has a 50-day moving average price of $26.27 and a 200 day moving average price of $23.90. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 9.68, 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.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 30.18% and a net margin of 7.65%.The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current 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.