Arcus Capital Partners LLC Sells 830,037 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Arcus Capital Partners LLC reduced its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 40.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,231,304 shares of the company's stock after selling 830,037 shares during the quarter. Dream Finders Homes accounts for 11.2% of Arcus Capital Partners LLC's portfolio, making the stock its 2nd biggest holding. Arcus Capital Partners LLC owned about 1.32% of Dream Finders Homes worth $27,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Dream Finders Homes by 68.8% during the fourth quarter. Bank of New York Mellon Corp now owns 210,926 shares of the company's stock valued at $4,908,000 after purchasing an additional 85,957 shares in the last quarter. US Bancorp DE lifted its position in Dream Finders Homes by 7.4% during the fourth quarter. US Bancorp DE now owns 28,313 shares of the company's stock valued at $659,000 after purchasing an additional 1,952 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Dream Finders Homes by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 237,520 shares of the company's stock valued at $5,527,000 after purchasing an additional 10,869 shares in the last quarter. Victory Capital Management Inc. lifted its position in Dream Finders Homes by 33.7% during the fourth quarter. Victory Capital Management Inc. now owns 33,849 shares of the company's stock valued at $788,000 after purchasing an additional 8,528 shares in the last quarter. Finally, M&T Bank Corp lifted its position in Dream Finders Homes by 43.6% during the fourth quarter. M&T Bank Corp now owns 30,297 shares of the company's stock valued at $705,000 after purchasing an additional 9,206 shares in the last quarter. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Stock Up 0.2%

NASDAQ DFH traded up $0.05 during trading hours on Friday, hitting $28.27. 341,519 shares of the company were exchanged, compared to its average volume of 504,052. The stock has a 50-day moving average price of $23.44 and a 200 day moving average price of $23.13. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $39.15. The stock has a market cap of $2.64 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

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

Analysts Set New Price Targets

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

Insider Activity

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,687 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total transaction of $293,037.54. Following the completion of the transaction, the chief executive officer owned 1,999,507 shares in the company, valued at $54,826,481.94. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 68.16% of the stock is owned by company insiders.

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.