Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 621.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,384 shares of the company's stock after purchasing an additional 80,433 shares during the period. JPMorgan Chase & Co. owned 0.10% of Dream Finders Homes worth $2,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hennessy Advisors Inc. lifted its holdings in shares of Dream Finders Homes by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company's stock valued at $5,485,000 after purchasing an additional 15,100 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Dream Finders Homes by 6.7% during the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company's stock valued at $22,539,000 after buying an additional 39,130 shares during the period. Barclays PLC lifted its stake in shares of Dream Finders Homes by 45.2% during the third quarter. Barclays PLC now owns 92,402 shares of the company's stock valued at $3,345,000 after buying an additional 28,764 shares during the period. Amalgamated Bank lifted its stake in shares of Dream Finders Homes by 872.9% during the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after buying an additional 7,193 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Dream Finders Homes by 49.1% during the fourth quarter. Intech Investment Management LLC now owns 17,676 shares of the company's stock valued at $411,000 after buying an additional 5,819 shares during the period. Hedge funds and other institutional investors own 95.55% of the company's stock.

Dream Finders Homes Price Performance

DFH stock traded down $0.30 on Tuesday, hitting $22.70. 262,623 shares of the company were exchanged, compared to its average volume of 502,323. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15. The business's fifty day moving average is $23.00 and its two-hundred day moving average is $25.75. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. Dream Finders Homes's revenue for the quarter was up 35.2% compared to the same quarter last year. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now owns 184,213 shares in the company, valued at approximately $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 70.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

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.