West Tower Group LLC reduced its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 50.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,000 shares of the company's stock after selling 23,000 shares during the period. Dream Finders Homes accounts for about 1.3% of West Tower Group LLC's investment portfolio, making the stock its 20th biggest position. West Tower Group LLC's holdings in Dream Finders Homes were worth $578,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Eukles Asset Management purchased a new stake in shares of Dream Finders Homes in the first quarter worth about $34,000. Quarry LP purchased a new stake in shares of Dream Finders Homes in the first quarter worth about $40,000. GAMMA Investing LLC lifted its position in shares of Dream Finders Homes by 907.1% in the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after buying an additional 5,370 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Dream Finders Homes in the second quarter worth about $207,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Dream Finders Homes in the second quarter worth about $208,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Bank of America decreased their target price on Dream Finders Homes from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, October 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Finders Homes presently has an average rating of "Hold" and a consensus target price of $26.00.
View Our Latest Research Report on Dream Finders Homes
Insider Transactions at Dream Finders Homes
In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,794 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $25.93, for a total transaction of $176,168.42. Following the sale, the chief executive officer directly owned 1,891,672 shares in the company, valued at $49,051,054.96. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 97,419 shares of company stock worth $2,699,849 in the last quarter. Corporate insiders own 68.16% of the company's stock.
Dream Finders Homes Price Performance
Shares of DFH stock opened at $23.30 on Monday. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $35.71. The stock's 50 day simple moving average is $27.11 and its two-hundred day simple moving average is $24.92. The company has a market cap of $2.16 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 1.28 and a beta of 1.87.
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 (EPS) 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%. During the same period in the previous year, the company earned $0.83 EPS. Dream Finders Homes's quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.
Dream Finders Homes Company Profile
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Free Report)
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.
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