Atria Wealth Solutions Inc. Sells 3,921 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 37.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,485 shares of the company’s stock after selling 3,921 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Dream Finders Homes were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DFH. New York State Common Retirement Fund boosted its position in Dream Finders Homes by 129.6% during the fourth quarter. New York State Common Retirement Fund now owns 68,510 shares of the company’s stock valued at $2,434,000 after acquiring an additional 38,668 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Dream Finders Homes during the fourth quarter worth approximately $265,000. Federated Hermes Inc. bought a new stake in Dream Finders Homes in the fourth quarter worth approximately $13,324,000. ORG Partners LLC acquired a new position in Dream Finders Homes in the fourth quarter valued at approximately $596,000. Finally, Lawson Kroeker Investment Management Inc. NE boosted its holdings in shares of Dream Finders Homes by 1.0% during the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 155,668 shares of the company’s stock worth $5,531,000 after buying an additional 1,580 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lifted their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. TheStreet raised shares of Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st. Finally, Wedbush reiterated a “neutral” rating and set a $24.00 price objective on shares of Dream Finders Homes in a report on Thursday, May 2nd.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock opened at $30.47 on Friday. Dream Finders Homes, Inc. has a 52 week low of $16.18 and a 52 week high of $44.38. The stock has a 50 day moving average price of $37.83 and a two-hundred day moving average price of $32.40. The stock has a market capitalization of $2.84 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.84 and a beta of 2.05.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. Research analysts forecast that Dream Finders Homes, Inc. will post 3.45 EPS for the current year.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 24,400 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total transaction of $770,796.00. Following the transaction, the chief executive officer now owns 1,615,376 shares of the company’s stock, valued at $51,029,727.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 44,246 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $38.39, for a total value of $1,698,603.94. Following the completion of the sale, the chief executive officer now directly owns 1,638,206 shares of the company’s stock, valued at approximately $62,890,728.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 24,400 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $31.59, for a total transaction of $770,796.00. Following the completion of the sale, the chief executive officer now owns 1,615,376 shares of the company’s stock, valued at approximately $51,029,727.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,334 shares of company stock valued at $9,703,070. 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.