Commons Capital LLC Acquires 30,000 Shares of Dream Finders Homes, Inc. $DFH

Key Points

• Commons Capital LLC significantly increased its holdings in Dream Finders Homes, Inc. by purchasing an additional 30,000 shares, bringing its total to 42,076 shares valued at approximately $1,057,000.
• Wall Street analysts have lowered the target price for Dream Finders Homes from $30.00 to $26.00, indicating a "neutral" outlook on the stock.
• CEO Patrick O. Zalupski sold 6,794 shares valued at $176,168, reducing his ownership stake to approximately 1.89 million shares.

Commons Capital LLC lifted its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 248.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,076 shares of the company's stock after purchasing an additional 30,000 shares during the quarter. Commons Capital LLC's holdings in Dream Finders Homes were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Eukles Asset Management bought a new position in Dream Finders Homes during the 1st quarter worth $34,000. Quarry LP bought a new position in Dream Finders Homes during the 1st quarter worth $40,000. GAMMA Investing LLC increased 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 worth $135,000 after purchasing an additional 5,370 shares during the period. Maryland State Retirement & Pension System bought a new position in shares of Dream Finders Homes in the second quarter worth $207,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Dream Finders Homes in the second quarter worth $208,000. 95.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their target price on shares of Dream Finders Homes from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.00.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 6,794 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total value of $176,168.42. Following the sale, the chief executive officer owned 1,891,672 shares of the company's stock, 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 document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 97,419 shares of company stock worth $2,699,849. Insiders own 68.16% of the company's stock.

Dream Finders Homes Stock Performance

NASDAQ DFH opened at $23.36 on Friday. The stock has a market cap of $2.17 billion, a PE ratio of 7.63, a PEG ratio of 1.28 and a beta of 1.87. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $35.71. The firm's fifty day moving average price is $27.16 and its two-hundred day moving average price is $24.88.

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 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%.Dream Finders Homes's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. As a group, sell-side analysts predict 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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