Dream Finders Homes, Inc. (NASDAQ:DFH) Holdings Raised by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,009,774 shares of the company's stock after acquiring an additional 594,592 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 6.43% of Dream Finders Homes worth $139,847,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Barclays PLC lifted its holdings in Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock worth $3,345,000 after buying an additional 28,764 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Dream Finders Homes by 50.7% during the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock worth $10,296,000 after purchasing an additional 148,789 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Dream Finders Homes during the fourth quarter worth $518,000. Envestnet Asset Management Inc. boosted its holdings in Dream Finders Homes by 48.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company's stock worth $4,305,000 after purchasing an additional 60,125 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 159,882 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Stock Down 5.5%

DFH stock traded down $1.18 during midday trading on Wednesday, reaching $20.41. The company had a trading volume of 337,907 shares, compared to its average volume of 490,183. The firm has a market capitalization of $1.91 billion, a PE ratio of 6.67, a P/E/G ratio of 1.28 and a beta of 1.95. The stock has a 50 day moving average price of $22.35 and a 200 day moving average price of $24.38. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. Research analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 68.16% of the company's stock.

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.