Nuveen LLC Takes Position in Dream Finders Homes, Inc. $DFH

Key Points

• Nuveen LLC has acquired a new stake in Dream Finders Homes, purchasing 77,220 shares valued at approximately $1.74 million, representing about 0.08% of the company.
• Many large investors have increased their positions in Dream Finders Homes during the first quarter, with 95.55% of the stock owned by hedge funds and institutional investors.
• Dream Finders Homes reported a miss on earnings estimates for the last quarter, with an EPS of $0.57, missing the consensus estimate of $0.65, while its revenue increased by 9% year-over-year.

Nuveen LLC purchased a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 77,220 shares of the company's stock, valued at approximately $1,742,000. Nuveen LLC owned about 0.08% of Dream Finders Homes as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DFH. Invesco Ltd. raised its holdings in Dream Finders Homes by 3.1% during the first quarter. Invesco Ltd. now owns 523,563 shares of the company's stock worth $11,812,000 after purchasing an additional 15,660 shares during the last quarter. National Bank of Canada FI grew its position in shares of Dream Finders Homes by 23.8% in the first quarter. National Bank of Canada FI now owns 21,429 shares of the company's stock valued at $482,000 after purchasing an additional 4,121 shares during the period. Swiss National Bank grew its position in Dream Finders Homes by 2.8% during the first quarter. Swiss National Bank now owns 55,400 shares of the company's stock valued at $1,250,000 after acquiring an additional 1,500 shares during the period. Elgethun Capital Management grew its position in Dream Finders Homes by 44.9% during the first quarter. Elgethun Capital Management now owns 185,088 shares of the company's stock valued at $4,176,000 after acquiring an additional 57,384 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position 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 valued at $5,999,000 after acquiring an additional 28,388 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 5,259 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $28.09, for a total transaction of $147,725.31. Following the completion of the sale, the chief executive officer directly owned 1,946,898 shares of the company's stock, valued at $54,688,364.82. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 63,041 shares of company stock worth $1,724,320. Company insiders own 68.16% of the company's stock.

Dream Finders Homes Trading Up 3.2%

Shares of DFH traded up $0.90 during midday trading on Thursday, reaching $28.71. 373,721 shares of the company were exchanged, compared to its average volume of 444,061. The stock has a 50-day moving average price of $27.14 and a 200-day moving average price of $24.27. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.65% and a return on equity of 30.18%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

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.