Brevan Howard Capital Management LP Takes $287,000 Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Brevan Howard Capital Management LP acquired a new position in Dream Finders Homes, Inc. (NASDAQ:DFH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,329 shares of the company’s stock, valued at approximately $287,000.

Other hedge funds have also recently bought and sold shares of the company. Hennessy Advisors Inc. boosted its holdings in Dream Finders Homes by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after acquiring an additional 15,100 shares during the period. Barclays PLC lifted its position in shares of Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after purchasing an additional 28,764 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Dream Finders Homes by 50.7% during the 4th quarter. Wells Fargo & Company MN now owns 442,456 shares of the company’s stock valued at $10,296,000 after purchasing an additional 148,789 shares during the period. Envestnet Asset Management Inc. grew its holdings in Dream Finders Homes by 48.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company’s stock valued at $4,305,000 after buying an additional 60,125 shares during the last quarter. Finally, Amalgamated Bank increased its position in Dream Finders Homes by 872.9% in the 4th quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock worth $187,000 after buying an additional 7,193 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock opened at $22.82 on Monday. The firm has a market cap of $2.13 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95. The firm’s 50-day simple moving average is $22.89 and its 200-day simple moving average is $25.09. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15.

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

Analyst Ratings Changes

DFH has been the subject of several recent research reports. Bank of America cut their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

Insider Buying and Selling

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 70.45% of the stock is owned by corporate 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.