Fox Run Management L.L.C. Makes New $507,000 Investment 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. purchased a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,480 shares of the company's stock, valued at approximately $507,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Dream Finders Homes by 11.0% during 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 buying an additional 594,592 shares during the period. Janus Henderson Group PLC boosted 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 valued at $48,053,000 after buying an additional 1,375,305 shares during the period. Dimensional Fund Advisors LP boosted its position in Dream Finders Homes by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock valued at $15,935,000 after buying an additional 159,882 shares during the period. Fenimore Asset Management Inc boosted its position in Dream Finders Homes by 19.3% during the first quarter. Fenimore Asset Management Inc now owns 665,421 shares of the company's stock valued at $15,012,000 after buying an additional 107,840 shares during the period. Finally, Geode Capital Management LLC boosted its position in Dream Finders Homes by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 624,318 shares of the company's stock valued at $14,531,000 after buying an additional 1,976 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH traded up $2.1320 during trading hours on Friday, hitting $29.6220. The company's stock had a trading volume of 614,454 shares, compared to its average volume of 454,685. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The business has a 50-day simple moving average of $26.27 and a 200-day simple moving average of $23.89.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its earnings results 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%.Dream Finders Homes's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 10,852 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total value of $301,794.12. Following the sale, the chief executive officer directly owned 1,957,843 shares of the company's stock, valued at $54,447,613.83. This trade represents a 0.55% 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 sold 52,096 shares of company stock valued at $1,413,179 over the last quarter. 68.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wedbush restated a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $29.00.

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.