Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 107.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 154,431 shares of the company's stock after acquiring an additional 80,001 shares during the quarter. Ameriprise Financial Inc. owned 0.17% of Dream Finders Homes worth $3,594,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock worth $27,000 after buying an additional 568 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Dream Finders Homes by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 17,371 shares of the company's stock valued at $404,000 after purchasing an additional 953 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Dream Finders Homes by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 26,011 shares of the company's stock valued at $605,000 after purchasing an additional 1,161 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Dream Finders Homes by 13.4% in the 4th quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company's stock valued at $282,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Dream Finders Homes by 16.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,785 shares of the company's stock valued at $251,000 after purchasing an additional 1,546 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 68.16% of the company's stock.

Dream Finders Homes Price Performance

Shares of DFH traded up $0.06 during midday trading on Friday, reaching $20.91. The stock had a trading volume of 279,581 shares, compared to its average volume of 489,442. The company's fifty day simple moving average is $22.15 and its two-hundred day simple moving average is $24.19. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 earnings per share. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a "neutral" rating and issued a $26.00 price objective on shares of Dream Finders Homes in a report on Tuesday, May 6th.

Dream Finders Homes 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.