PDT Partners LLC Has $840,000 Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

PDT Partners LLC lifted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 216.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,103 shares of the company's stock after buying an additional 24,705 shares during the period. PDT Partners LLC's holdings in Dream Finders Homes were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DFH. First Horizon Advisors Inc. increased its holdings in Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after purchasing an additional 568 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dream Finders Homes in the third quarter valued at $63,000. KLP Kapitalforvaltning AS bought a new position in shares of Dream Finders Homes in the fourth quarter valued at about $116,000. Oregon Public Employees Retirement Fund acquired a new position in Dream Finders Homes during the 4th quarter worth about $149,000. Finally, State of Tennessee Department of Treasury bought a new stake in Dream Finders Homes during the 4th quarter worth about $163,000. 95.55% of the stock is owned by institutional investors and hedge funds.

Dream Finders Homes Stock Performance

DFH traded down $0.57 during mid-day trading on Tuesday, reaching $22.10. The stock had a trading volume of 140,044 shares, compared to its average volume of 497,449. The firm's fifty day simple moving average is $22.98 and its two-hundred day simple moving average is $25.37. The stock has a market capitalization of $2.06 billion, a P/E ratio of 7.21, a P/E/G ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 70.45% of the stock is currently owned by insiders.

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.