Bretton Capital Management LLC Buys 46,000 Shares of Dream Finders Homes, Inc. $DFH

Key Points

• Bretton Capital Management LLC increased its stake in Dream Finders Homes by 36.9%, owning 170,500 shares valued at approximately $3.85 million as of its latest SEC filing.
• Institutional investors hold a significant majority of Dream Finders Homes shares, with 95.55% ownership overall, indicating strong institutional confidence in the company.
• Despite a year-over-year revenue increase of 9%, Dream Finders Homes reported an EPS of $0.57 for the last quarter, missing analysts' expectations of $0.65.

Bretton Capital Management LLC boosted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,500 shares of the company's stock after acquiring an additional 46,000 shares during the period. Dream Finders Homes accounts for 3.6% of Bretton Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Bretton Capital Management LLC owned about 0.18% of Dream Finders Homes worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Eukles Asset Management bought a new position in shares of Dream Finders Homes during the 1st quarter worth approximately $34,000. GAMMA Investing LLC raised its position in Dream Finders Homes by 907.1% in the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after buying an additional 5,370 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in Dream Finders Homes in the 4th quarter valued at $163,000. State of Wyoming raised its position in Dream Finders Homes by 223.6% in the 4th quarter. State of Wyoming now owns 8,104 shares of the company's stock valued at $189,000 after buying an additional 5,600 shares during the last quarter. Finally, New York State Teachers Retirement System increased 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 purchasing an additional 1,200 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH traded up $2.59 during mid-day trading on Friday, hitting $30.08. 331,895 shares of the stock traded hands, compared to its average volume of 452,842. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $39.15. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.28 and a beta of 1.90. The stock has a fifty day moving average price of $26.13 and a 200-day moving average price of $23.83.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.During the same period in the prior year, the company earned $0.83 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,852 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total value of $301,794.12. Following the completion of the sale, the chief executive officer owned 1,957,843 shares in the company, valued at $54,447,613.83. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 52,096 shares of company stock worth $1,413,179 in the last three months. 68.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.