Index Fund Advisors Inc. Takes Position in Dream Finders Homes, Inc. $DFH

Index Fund Advisors Inc. bought a new position in Dream Finders Homes, Inc. (NASDAQ:DFH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 22,777 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors have also added to or reduced their stakes in DFH. GAMMA Investing LLC lifted its stake in Dream Finders Homes by 907.1% during the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company’s stock worth $135,000 after purchasing an additional 5,370 shares during the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Dream Finders Homes by 25.1% during the 1st quarter. Precision Wealth Strategies LLC now owns 15,171 shares of the company’s stock valued at $342,000 after buying an additional 3,044 shares in the last quarter. Davidson Kahn Capital Management LLC lifted its position in Dream Finders Homes by 75.3% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 97,586 shares of the company’s stock worth $2,202,000 after buying an additional 41,931 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Dream Finders Homes by 14.6% in the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company’s stock worth $213,000 after buying an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Dream Finders Homes by 2.2% during the first quarter. Principal Financial Group Inc. now owns 153,968 shares of the company’s stock valued at $3,474,000 after acquiring an additional 3,320 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their price objective on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Buying and Selling at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 6,794 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $25.93, for a total value of $176,168.42. Following the sale, the chief executive officer directly owned 1,891,672 shares of the company’s stock, valued at $49,051,054.96. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 97,419 shares of company stock worth $2,699,849 in the last ninety days. Corporate insiders own 68.16% of the company’s stock.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock opened at $23.49 on Monday. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $35.71. The company’s 50 day moving average price is $27.32 and its 200-day moving average price is $24.88. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.28 and a beta of 1.87.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, equities research analysts forecast 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.