Allspring Global Investments Holdings LLC Grows Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Allspring Global Investments Holdings LLC boosted its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 48.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,714 shares of the company’s stock after purchasing an additional 885 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dream Finders Homes were worth $67,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS Group AG increased its stake in Dream Finders Homes by 113.5% in the 2nd quarter. UBS Group AG now owns 2,500 shares of the company’s stock valued at $26,000 after purchasing an additional 1,329 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Dream Finders Homes by 148.3% during the first quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock worth $49,000 after buying an additional 1,706 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Dream Finders Homes by 365.7% during the third quarter. Tower Research Capital LLC TRC now owns 7,186 shares of the company’s stock worth $76,000 after buying an additional 5,643 shares in the last quarter. Legal & General Group Plc increased its position in Dream Finders Homes by 159.8% during the second quarter. Legal & General Group Plc now owns 8,611 shares of the company’s stock worth $91,000 after buying an additional 5,296 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Dream Finders Homes by 92.2% during the first quarter. Bank of America Corp DE now owns 5,467 shares of the company’s stock worth $94,000 after buying an additional 2,623 shares in the last quarter. 22.73% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Trading Up 0.5 %

Shares of Dream Finders Homes stock opened at $24.40 on Friday. Dream Finders Homes, Inc. has a twelve month low of $8.17 and a twelve month high of $31.60. The stock has a market capitalization of $2.27 billion, a P/E ratio of 9.28, a PEG ratio of 3.52 and a beta of 1.72. The business’s fifty day moving average price is $22.03 and its 200 day moving average price is $22.96.

Insiders Place Their Bets

In other Dream Finders Homes news, Director Len Sturm sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $27.00, for a total transaction of $27,000.00. Following the transaction, the director now owns 13,260 shares in the company, valued at $358,020. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 74.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DFH shares. Bank of America raised their price target on Dream Finders Homes from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, August 18th. Wedbush lifted their price objective on Dream Finders Homes from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.