Victory Capital Management Inc. Sells 18,549 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Key Points

• Victory Capital Management Inc. has decreased its holdings in Dream Finders Homes by 54.8%, now owning 15,300 shares worth approximately $345,000 after selling 18,549 shares.
• Insiders have sold a total of 31,264 shares valued at $855,698 over the last 90 days, with 68.16% of the stock currently owned by insiders.
• Dream Finders Homes reported an EPS of $0.57 for the last quarter, missing estimates by $0.08, and saw a 9.0% increase in revenue year-over-year.

Victory Capital Management Inc. lowered its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 54.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,300 shares of the company's stock after selling 18,549 shares during the quarter. Victory Capital Management Inc.'s holdings in Dream Finders Homes were worth $345,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Eukles Asset Management acquired a new stake in Dream Finders Homes in the 1st quarter valued at approximately $34,000. KLP Kapitalforvaltning AS acquired a new stake in Dream Finders Homes in the 4th quarter valued at approximately $116,000. GAMMA Investing LLC grew its stake in Dream Finders Homes by 907.1% in the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after purchasing an additional 5,370 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in Dream Finders Homes in the fourth quarter valued at approximately $163,000. Finally, State of Wyoming grew its stake in Dream Finders Homes by 223.6% in the fourth quarter. State of Wyoming now owns 8,104 shares of the company's stock valued at $189,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Down 1.7%

Shares of NASDAQ DFH traded down $0.46 during midday trading on Wednesday, hitting $25.81. 123,021 shares of the company's stock were exchanged, compared to its average volume of 458,335. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The company's 50 day moving average price is $24.91 and its 200 day moving average price is $23.57. The firm has a market capitalization of $2.41 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.57 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%. During the same period in the prior year, the company earned $0.83 EPS. The company's revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 10,416 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $28.47, for a total transaction of $296,543.52. Following the completion of the sale, the chief executive officer directly owned 1,989,091 shares of the company's stock, valued at approximately $56,629,420.77. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 31,264 shares of company stock worth $855,698. 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.