Arcus Capital Partners LLC Reduces Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Arcus Capital Partners LLC reduced its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 40.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,231,304 shares of the company's stock after selling 830,037 shares during the quarter. Dream Finders Homes comprises 11.2% of Arcus Capital Partners LLC's portfolio, making the stock its 2nd biggest position. Arcus Capital Partners LLC owned 1.32% of Dream Finders Homes worth $27,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DFH. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after purchasing an additional 594,592 shares during the period. Vanguard Group Inc. grew its position in shares of Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after purchasing an additional 605,508 shares during the period. Janus Henderson Group PLC grew its position in shares of Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after purchasing an additional 1,375,305 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Dream Finders Homes by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock valued at $15,935,000 after purchasing an additional 159,882 shares during the period. Finally, Fenimore Asset Management Inc grew its position in shares of Dream Finders Homes by 19.3% in the 1st quarter. Fenimore Asset Management Inc now owns 665,421 shares of the company's stock valued at $15,012,000 after purchasing an additional 107,840 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 10,687 shares of the company'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 sale, the chief executive officer owned 1,999,507 shares in the company, valued at $54,826,481.94. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 68.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Dream Finders Homes Price Performance

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

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