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

Allspring Global Investments Holdings LLC lessened its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 99.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,324 shares of the company’s stock after selling 156,287 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dream Finders Homes were worth $48,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of Dream Finders Homes by 445.3% during the 1st quarter. SG Americas Securities LLC now owns 34,641 shares of the company’s stock worth $1,515,000 after buying an additional 28,288 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Dream Finders Homes during the 1st quarter worth approximately $1,570,000. Vanguard Group Inc. raised its stake in shares of Dream Finders Homes by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock worth $92,504,000 after buying an additional 45,890 shares during the period. Norden Group LLC raised its stake in shares of Dream Finders Homes by 56.1% during the 1st quarter. Norden Group LLC now owns 18,721 shares of the company’s stock worth $819,000 after buying an additional 6,729 shares during the period. Finally, Denali Advisors LLC raised its stake in shares of Dream Finders Homes by 27.9% during the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock worth $3,625,000 after buying an additional 30,599 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Bank of America upped their target price on Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Dream Finders Homes Stock Performance

NASDAQ DFH opened at $30.96 on Tuesday. The business has a fifty day moving average price of $33.38 and a 200 day moving average price of $30.59. Dream Finders Homes, Inc. has a one year low of $22.10 and a one year high of $44.38. The company has a market cap of $2.90 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.68 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 31.19%. The firm had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,804 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $28.62, for a total value of $337,830.48. Following the completion of the sale, the chief executive officer now directly owns 1,130,907 shares of the company’s stock, valued at $32,366,558.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,804 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $28.62, for a total value of $337,830.48. Following the completion of the sale, the chief executive officer now directly owns 1,130,907 shares of the company’s stock, valued at $32,366,558.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Radford Lovett II sold 16,466 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $30.73, for a total value of $506,000.18. Following the transaction, the director now owns 4,914,124 shares of the company’s stock, valued at approximately $151,011,030.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 341,506 shares of company stock valued at $11,356,792 in the last three months. 70.45% of the stock is currently owned by 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.