Elgethun Capital Management Acquires 57,384 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Key Points

• Elgethun Capital Management has increased its stake in Dream Finders Homes, Inc. by 44.9%, now holding 185,088 shares worth approximately $4.18 million, making it the 28th largest holding in their portfolio.
• Several institutional investors have recently purchased stakes in Dream Finders, with 95.55% of the company currently owned by institutional investors and hedge funds.
• The company reported an EPS of $0.57 for its latest quarter, which was below analyst expectations of $0.65, despite a 9% increase in revenue compared to the previous year.

Elgethun Capital Management boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,088 shares of the company's stock after purchasing an additional 57,384 shares during the quarter. Dream Finders Homes comprises approximately 0.9% of Elgethun Capital Management's investment portfolio, making the stock its 28th largest holding. Elgethun Capital Management owned about 0.20% of Dream Finders Homes worth $4,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eukles Asset Management bought a new position in Dream Finders Homes during the first quarter valued at $34,000. KLP Kapitalforvaltning AS bought a new stake in Dream Finders Homes during the 4th quarter valued at $116,000. GAMMA Investing LLC lifted its holdings in Dream Finders Homes by 907.1% during the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after purchasing an additional 5,370 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of Dream Finders Homes in the fourth quarter valued at approximately $163,000. Finally, State of Wyoming increased its holdings in shares of Dream Finders Homes by 223.6% in the fourth quarter. State of Wyoming now owns 8,104 shares of the company's stock worth $189,000 after purchasing an additional 5,600 shares during the period. Institutional investors own 95.55% of the company's stock.

Dream Finders Homes Trading Up 1.5%

Shares of DFH stock traded up $0.38 during trading hours on Friday, reaching $25.97. The company's stock had a trading volume of 385,437 shares, compared to its average volume of 458,660. The stock has a market capitalization of $2.43 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.28 and a beta of 1.90. The firm's fifty day simple moving average is $25.21 and its 200 day simple moving average is $23.61. Dream Finders Homes, Inc. has a one year low of $19.65 and a one year high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08). 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 firm posted $0.83 earnings per share. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,416 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $28.47, for a total value of $296,543.52. Following the completion of the transaction, the chief executive officer owned 1,989,091 shares in the company, valued at $56,629,420.77. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 31,264 shares of company stock worth $855,698 over the last ninety days. 68.16% of the stock is owned by company insiders.

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.