Fox Run Management L.L.C. Invests $507,000 in Dream Finders Homes, Inc. $DFH

Key Points

• Fox Run Management L.L.C. has invested approximately $507,000 in Dream Finders Homes by purchasing 22,480 shares during the first quarter.
• Institutional ownership of Dream Finders Homes is significant, with 95.55% of the stock owned by institutional investors and hedge funds.
• CEO Patrick O. Zalupski sold 10,852 shares at an average price of $27.81, indicating a 0.55% decrease in his ownership stake in the company.

Fox Run Management L.L.C. bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 22,480 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds have also recently bought and sold shares of DFH. Eukles Asset Management acquired a new position in Dream Finders Homes during the first quarter valued at approximately $34,000. GAMMA Investing LLC raised its stake in shares of Dream Finders Homes by 907.1% in the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after acquiring an additional 5,370 shares during the period. State of Tennessee Department of Treasury purchased a new position in shares of Dream Finders Homes in the 4th quarter valued at $163,000. State of Wyoming lifted its holdings in shares of Dream Finders Homes by 223.6% during the 4th quarter. State of Wyoming now owns 8,104 shares of the company's stock valued at $189,000 after acquiring an additional 5,600 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in Dream Finders Homes by 14.6% during the 1st quarter. New York State Teachers Retirement System now owns 9,438 shares of the company's stock worth $213,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 95.55% of the company's stock.

Dream Finders Homes Stock Performance

Shares of NASDAQ:DFH traded down $0.5860 during trading on Wednesday, hitting $27.9340. The company's stock had a trading volume of 409,111 shares, compared to its average volume of 455,306. The company has a market capitalization of $2.59 billion, a PE ratio of 9.13, a PEG ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $39.15. The stock's 50-day moving average price is $25.95 and its two-hundred day moving average price is $23.77.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. On average, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,852 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $27.81, for a total transaction of $301,794.12. Following the transaction, the chief executive officer directly owned 1,957,843 shares in the company, valued at $54,447,613.83. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 52,096 shares of company stock valued at $1,413,179 over the last 90 days. Corporate insiders own 68.16% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and issued a $26.00 price objective on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.00.

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.