Kayne Anderson Rudnick Investment Management LLC Trims Holdings in Dream Finders Homes, Inc. $DFH

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Dream Finders Homes by 0.2%, holding approximately 6.42% of the company, valued at $135.37 million after selling 9,525 shares in the first quarter.
• Dream Finders Homes reported $0.57 earnings per share for the last quarter, missing estimates, with a 9.0% increase in revenue year-over-year.
• The company's stock is showing positive momentum, trading up 7.8% and has a market capitalization of $2.75 billion.

Kayne Anderson Rudnick Investment Management LLC lessened its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000,249 shares of the company's stock after selling 9,525 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.42% of Dream Finders Homes worth $135,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DFH. Janus Henderson Group PLC raised its holdings in shares of Dream Finders Homes by 199.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock worth $48,053,000 after purchasing an additional 1,375,305 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dream Finders Homes by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock worth $15,935,000 after purchasing an additional 159,882 shares during the last quarter. Voloridge Investment Management LLC grew its position in Dream Finders Homes by 160.5% during the fourth quarter. Voloridge Investment Management LLC now owns 252,335 shares of the company's stock valued at $5,872,000 after buying an additional 155,470 shares during the period. GAMMA Investing LLC grew its position in Dream Finders Homes by 22,620.1% during the first quarter. GAMMA Investing LLC now owns 134,503 shares of the company's stock valued at $3,034,000 after buying an additional 133,911 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in Dream Finders Homes during the first quarter valued at $2,935,000. Hedge funds and other institutional investors own 95.55% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush restated a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Finders Homes has an average rating of "Hold" and an average price target of $29.00.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 10,852 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $54,447,613.83. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 63,041 shares of company stock worth $1,724,320 in the last quarter. Insiders own 68.16% of the company's stock.

Dream Finders Homes Price Performance

DFH traded down $0.31 on Friday, reaching $27.60. 68,457 shares of the company's stock were exchanged, compared to its average volume of 445,778. The stock has a market cap of $2.56 billion, a PE ratio of 9.02, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15. The stock's fifty day moving average price is $26.75 and its 200-day moving average price is $24.06.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 30.18% and a net margin of 7.65%.The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. As a group, research 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.