Elevation Point Wealth Partners LLC Buys Shares of 344,796 Dream Finders Homes, Inc. $DFH

Elevation Point Wealth Partners LLC purchased a new stake in Dream Finders Homes, Inc. (NYSE:DFH) in the first quarter, Holdings Channel.com reports. The fund purchased 344,796 shares of the company’s stock, valued at approximately $4,800,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DFH. SG Americas Securities LLC lifted its position in shares of Dream Finders Homes by 1,443.4% during the 4th quarter. SG Americas Securities LLC now owns 155,946 shares of the company’s stock valued at $2,667,000 after acquiring an additional 145,842 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dream Finders Homes by 24,680.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 94,663 shares of the company’s stock worth $1,619,000 after acquiring an additional 94,281 shares in the last quarter. Elgethun Capital Management grew its holdings in shares of Dream Finders Homes by 8.2% in the 4th quarter. Elgethun Capital Management now owns 495,037 shares of the company’s stock worth $8,465,000 after acquiring an additional 37,450 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Dream Finders Homes by 105.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 128,872 shares of the company’s stock worth $2,204,000 after acquiring an additional 66,294 shares during the period. Finally, UBS Group AG increased its stake in Dream Finders Homes by 171.6% in the 4th quarter. UBS Group AG now owns 187,760 shares of the company’s stock valued at $3,211,000 after purchasing an additional 118,632 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Stock Performance

Shares of DFH opened at $16.76 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 9.74 and a beta of 1.85. The company’s 50 day simple moving average is $14.95 and its 200 day simple moving average is $16.46. Dream Finders Homes, Inc. has a 1 year low of $12.20 and a 1 year high of $31.50.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.15). The business had revenue of $887.84 million for the quarter. Dream Finders Homes had a return on equity of 12.65% and a net margin of 4.16%.

Analyst Ratings Changes

Several analysts have weighed in on DFH shares. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings downgraded Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Dream Finders Homes Profile

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single?family homes, townhomes and condominiums. The company operates a semi?custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master?planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.