Dream Finders Homes, Inc. $DFH Shares Sold by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP cut its Dream Finders Homes stake by 18.8% in the third quarter, selling 352,257 shares and retaining 1.52 million shares valued at approximately $16.25 million.
• Institutional investors own 95.55% of DFH, while insiders own 65.97%; company insiders purchased 103,000 shares worth about $1.43 million during the latest quarter.
• DFH shares opened at $9.01, down 6%, with a market capitalization of roughly $817.6 million. Analyst sentiment remains mixed, resulting in a consensus “Hold” rating.

Cooke & Bieler LP decreased its stake in shares of Dream Finders Homes, Inc. (NYSE:DFH - Free Report) by 18.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,518,544 shares of the company's stock after selling 352,257 shares during the quarter. Cooke & Bieler LP owned about 1.67% of Dream Finders Homes worth $16,248,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new position in shares of Dream Finders Homes during the second quarter valued at $667,000. Bank of New York Mellon Corp purchased a new position in shares of Dream Finders Homes in the 2nd quarter worth about $2,833,000. Handelsbanken Fonder AB raised its position in shares of Dream Finders Homes by 87.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company's stock worth $459,000 after purchasing an additional 12,400 shares during the last quarter. GAMMA Investing LLC boosted its stake in Dream Finders Homes by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company's stock worth $173,000 after purchasing an additional 2,728 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Dream Finders Homes by 59.4% in the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock worth $89,000 after purchasing an additional 1,913 shares in the last quarter. 95.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dream Finders Homes news, Director Richard Beckwitt bought 10,000 shares of Dream Finders Homes stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $12.07 per share, with a total value of $120,700.00. Following the acquisition, the director owned 100,000 shares in the company, valued at approximately $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 103,000 shares of company stock worth $1,427,755. Company insiders own 65.97% of the company's stock.

Dream Finders Homes Stock Down 6.0%

Shares of DFH opened at $9.01 on Thursday. The company has a market capitalization of $817.57 million, a P/E ratio of 6.71 and a beta of 1.91. The firm has a 50 day moving average of $12.04 and a 200 day moving average of $13.90. Dream Finders Homes, Inc. has a twelve month low of $7.30 and a twelve month high of $23.80.

Dream Finders Homes (NYSE:DFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $1.06 billion during the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Dream Finders Homes Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.

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