Callan Family Office LLC Invests $479,000 in Dream Finders Homes, Inc. $DFH

Key Points

• Callan Family Office LLC has invested approximately $479,000 in Dream Finders Homes, acquiring 19,062 shares of the company.
• Institutional investors now own 95.55% of Dream Finders Homes, with multiple firms, including Maryland State Retirement & Pension System and Janney Montgomery Scott LLC, making significant new positions.
• Bank of America has downgraded Dream Finders Homes' target price from $30.00 to $26.00 and assigned a "neutral" rating, reflecting a cautious outlook on the stock.

Callan Family Office LLC acquired a new position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 19,062 shares of the company's stock, valued at approximately $479,000.

Other large investors have also recently made changes to their positions in the company. Eukles Asset Management bought a new stake in shares of Dream Finders Homes in the 1st quarter worth approximately $34,000. Quarry LP bought a new stake in shares of Dream Finders Homes in the 1st quarter worth approximately $40,000. GAMMA Investing LLC grew its position in shares of Dream Finders Homes by 907.1% in the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after buying an additional 5,370 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of Dream Finders Homes in the 2nd quarter valued at approximately $207,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Dream Finders Homes in the 2nd quarter valued at approximately $208,000. 95.55% of the stock is currently owned by institutional investors.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 6,794 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $25.93, for a total value of $176,168.42. Following the transaction, the chief executive officer directly owned 1,891,672 shares in the company, valued at $49,051,054.96. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 97,419 shares of company stock worth $2,699,849 over the last three months. Insiders own 68.16% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their target price on Dream Finders Homes from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Two equities research 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 a consensus price target of $26.00.

Dream Finders Homes Stock Performance

NASDAQ:DFH opened at $24.17 on Wednesday. The stock has a 50-day simple moving average of $27.24 and a two-hundred day simple moving average of $24.88. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $35.71. The firm has a market capitalization of $2.24 billion, a PE ratio of 7.90, a P/E/G ratio of 1.28 and a beta of 1.87.

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

Dream Finders Homes Company 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.

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