Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Purchased by Elgethun Capital Management

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

Several other hedge funds and other institutional investors also recently modified their holdings of DFH. Janus Henderson Group PLC increased its position in 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 buying an additional 1,375,305 shares in the last quarter. Vanguard Group Inc. increased its position in Dream Finders Homes by 24.0% during the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock worth $72,788,000 after buying an additional 605,508 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Dream Finders Homes by 11.0% in the fourth 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. Invesco Ltd. grew its position in shares of Dream Finders Homes by 210.7% in the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company's stock valued at $11,819,000 after purchasing an additional 344,426 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Dream Finders Homes by 30.5% in the fourth 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. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 31,264 shares of company stock valued at $855,698 in the last 90 days. Insiders own 68.16% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Price Performance

DFH stock traded down $0.78 during trading on Monday, reaching $25.21. 75,646 shares of the stock traded hands, compared to its average volume of 456,088. The business's 50 day moving average price is $25.21 and its 200-day moving average price is $23.59. The firm has a market capitalization of $2.34 billion, a PE ratio of 8.23, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 30.18% and a net margin of 7.65%. During the same period last year, the firm posted $0.83 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

About Dream Finders Homes

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.