Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,161 shares of the company's stock after acquiring an additional 33,099 shares during the period. Townsquare Capital LLC owned 0.15% of Dream Finders Homes worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elgethun Capital Management increased its holdings in shares of Dream Finders Homes by 10.1% during the fourth quarter. Elgethun Capital Management now owns 127,704 shares of the company's stock valued at $2,972,000 after acquiring an additional 11,726 shares in the last quarter. Legal & General Group Plc increased its stake in Dream Finders Homes by 230.6% during the 4th quarter. Legal & General Group Plc now owns 79,842 shares of the company's stock valued at $1,877,000 after purchasing an additional 55,695 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dream Finders Homes by 210.7% in the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company's stock worth $11,819,000 after buying an additional 344,426 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Dream Finders Homes by 48.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company's stock worth $4,305,000 after buying an additional 60,125 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Dream Finders Homes by 50.7% during the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock worth $10,296,000 after buying an additional 148,789 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company'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 completion of the transaction, the chief financial officer now owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 70.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their target price on 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.

Dream Finders Homes Trading Up 2.4 %

Shares of DFH stock traded up $0.51 during trading hours on Friday, hitting $21.45. The company's stock had a trading volume of 371,596 shares, compared to its average volume of 500,048. The company has a 50 day moving average of $22.94 and a 200 day moving average of $26.22. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15. The stock has a market cap of $2.00 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

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

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.