Millennium Management LLC Has $2.13 Million Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Millennium Management LLC cut its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,636 shares of the company's stock after selling 26,924 shares during the period. Millennium Management LLC owned approximately 0.10% of Dream Finders Homes worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFH. First Horizon Advisors Inc. increased its position in shares of Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after acquiring an additional 568 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at about $116,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at about $149,000. State of Tennessee Department of Treasury acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at about $163,000. Finally, Amalgamated Bank increased its position in shares of Dream Finders Homes by 872.9% in the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after acquiring an additional 7,193 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Dream Finders Homes Stock Performance

Shares of DFH stock traded up $0.32 during trading on Thursday, hitting $22.38. The company had a trading volume of 1,040,925 shares, compared to its average volume of 490,058. The firm has a market capitalization of $2.09 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 1.28 and a beta of 1.86. The stock's 50-day moving average price is $22.02 and its 200 day moving average price is $24.04. Dream Finders Homes, Inc. has a one year low of $19.65 and a one year high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings data 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%. During the same quarter last year, the company earned $0.55 EPS. Dream Finders Homes's revenue was up 19.6% compared to the same quarter last year. On average, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were 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 in the company, valued at approximately $4,511,376.37. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.