Dream Finders Homes, Inc. $DFH Shares Purchased by Bretton Capital Management LLC

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 position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 36.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,500 shares of the company's stock after acquiring an additional 46,000 shares during the quarter. Dream Finders Homes accounts for about 3.6% of Bretton Capital Management LLC's holdings, making the stock its 18th biggest holding. Bretton Capital Management LLC owned 0.18% of Dream Finders Homes worth $3,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFH. JPMorgan Chase & Co. raised its holdings in shares of Dream Finders Homes by 621.1% in the 4th quarter. JPMorgan Chase & Co. now owns 93,384 shares of the company's stock valued at $2,173,000 after purchasing an additional 80,433 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Dream Finders Homes by 4.7% in the fourth quarter. Alliancebernstein L.P. now owns 26,011 shares of the company's stock valued at $605,000 after buying an additional 1,161 shares during the last quarter. Geode Capital Management LLC raised its stake in Dream Finders Homes by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 624,318 shares of the company's stock valued at $14,531,000 after buying an additional 1,976 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Dream Finders Homes by 48.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company's stock worth $4,305,000 after buying an additional 60,125 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Dream Finders Homes by 210.7% during the 4th quarter. Invesco Ltd. now owns 507,903 shares of the company's stock worth $11,819,000 after buying an additional 344,426 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,852 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $54,447,613.83. This trade 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. In the last ninety days, insiders have sold 52,096 shares of company stock worth $1,413,179. 68.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wedbush reissued 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Finders Homes presently has an average rating of "Hold" and an average target price of $29.00.

Dream Finders Homes Trading Down 2.1%

Shares of Dream Finders Homes stock traded down $0.5860 on Wednesday, hitting $27.9340. The stock had a trading volume of 409,111 shares, compared to its average volume of 455,306. The company's 50 day moving average price is $25.95 and its 200 day moving average price is $23.77. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share 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%. Dream Finders Homes's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Analysts predict 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.