Allspring Global Investments Holdings LLC Acquires 116,056 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Allspring Global Investments Holdings LLC grew its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 5,612.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,124 shares of the company's stock after purchasing an additional 116,056 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.13% of Dream Finders Homes worth $4,197,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB acquired a new stake in Dream Finders Homes during the 4th quarter valued at approximately $2,319,000. Denali Advisors LLC grew its position in shares of Dream Finders Homes by 226.2% during the fourth quarter. Denali Advisors LLC now owns 148,243 shares of the company's stock worth $5,267,000 after buying an additional 102,800 shares in the last quarter. Portside Wealth Group LLC increased its stake in shares of Dream Finders Homes by 9.8% in the fourth quarter. Portside Wealth Group LLC now owns 15,970 shares of the company's stock worth $567,000 after buying an additional 1,429 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of Dream Finders Homes during the third quarter worth about $298,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Dream Finders Homes by 168.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,806 shares of the company's stock valued at $1,930,000 after buying an additional 54,467 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 34,961 shares of Dream Finders Homes stock in a transaction on Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the transaction, the chief executive officer now directly owns 1,428,742 shares in the company, valued at approximately $60,664,385.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 34,961 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $42.46, for a total value of $1,484,444.06. Following the completion of the transaction, the chief executive officer now directly owns 1,428,742 shares in the company, valued at $60,664,385.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 54,270 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $42.05, for a total transaction of $2,282,053.50. Following the completion of the sale, the chief executive officer now owns 1,507,805 shares of the company's stock, valued at approximately $63,403,200.25. The disclosure for this sale can be found here. Insiders have sold a total of 247,379 shares of company stock valued at $9,493,042 over the last three months. Company insiders own 74.13% of the company's stock.

Dream Finders Homes Stock Down 1.2 %

DFH stock traded down $0.40 during trading on Friday, reaching $33.79. 628,236 shares of the company's stock were exchanged, compared to its average volume of 451,385. Dream Finders Homes, Inc. has a 1-year low of $14.51 and a 1-year high of $44.38. The firm has a market cap of $3.15 billion, a PE ratio of 11.86, a P/E/G ratio of 0.92 and a beta of 1.99. The company's fifty day moving average price is $37.90 and its 200-day moving average price is $31.20.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.29. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $898.68 million. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The company's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. As a group, sell-side analysts expect that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TheStreet upgraded Dream Finders Homes from a "c" rating to a "b" rating in a research report on Friday, March 1st. Bank of America boosted their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd.

About Dream Finders Homes

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.