Fenimore Asset Management Inc Purchases 22,871 Shares of Dream Finders Homes, Inc. $DFH

Key Points

• Fenimore Asset Management Inc increased its stake in Dream Finders Homes by 3.4%, acquiring an additional 22,871 shares, bringing its total holdings to 688,292 shares valued at $17.3 million.
• Dream Finders Homes reported $0.57 earnings per share for the last quarter, missing analysts' expectations of $0.65, despite a 9% year-over-year revenue increase.
• The stock is currently trading at $26.47, with a 52-week range between $19.65 and $35.71, and a market capitalization of approximately $2.46 billion.

Fenimore Asset Management Inc raised its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 688,292 shares of the company's stock after purchasing an additional 22,871 shares during the period. Fenimore Asset Management Inc owned 0.74% of Dream Finders Homes worth $17,297,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Dream Finders Homes by 3.1% in the 1st quarter. Invesco Ltd. now owns 523,563 shares of the company's stock valued at $11,812,000 after acquiring an additional 15,660 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Dream Finders Homes by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company's stock valued at $11,728,000 after buying an additional 41,117 shares during the period. Denali Advisors LLC boosted its stake in shares of Dream Finders Homes by 22.9% in the first quarter. Denali Advisors LLC now owns 277,496 shares of the company's stock worth $6,260,000 after buying an additional 51,638 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dream Finders Homes by 12.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 265,908 shares of the company's stock worth $5,999,000 after acquiring an additional 28,388 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Dream Finders Homes by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 187,326 shares of the company's stock worth $4,226,000 after purchasing an additional 2,321 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Stock Up 1.6%

Shares of DFH opened at $26.47 on Monday. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $35.71. The stock has a market cap of $2.46 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.87. The firm's fifty day moving average is $27.53 and its two-hundred day moving average is $24.87.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share 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 quarter last year, the business earned $0.83 EPS. The firm's revenue was up 9.0% on a year-over-year basis. As a group, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Bank of America increased their price target on shares of Dream Finders Homes from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.00.

Insider Buying and Selling

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,567 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $28.86, for a total transaction of $333,823.62. Following the transaction, the chief executive officer owned 1,927,772 shares of the company's stock, valued at approximately $55,635,499.92. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 118,267 shares of company stock worth $3,259,003 in the last quarter. Company insiders own 68.16% of the company's stock.

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.

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