Stifel Financial Corp Trims Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Stifel Financial Corp lowered its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,538 shares of the company’s stock after selling 18,508 shares during the period. Stifel Financial Corp owned 0.07% of Dream Finders Homes worth $2,301,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Cooke & Bieler LP boosted its position in shares of Dream Finders Homes by 17.5% during the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after buying an additional 277,499 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Dream Finders Homes by 2,502.1% during the 3rd quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after acquiring an additional 663,180 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dream Finders Homes by 55.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares during the period. Renaissance Technologies LLC grew its stake in shares of Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after acquiring an additional 125,800 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dream Finders Homes by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock worth $8,207,000 after acquiring an additional 10,446 shares during the period. 95.55% of the stock is owned by institutional investors.

Insider Transactions at Dream Finders Homes

In other news, Director William Radford Lovett II sold 9,869 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total value of $343,835.96. Following the completion of the sale, the director now directly owns 4,694,252 shares of the company’s stock, valued at $163,547,739.68. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick O. Zalupski sold 33,018 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $36.58, for a total transaction of $1,207,798.44. Following the sale, the chief executive officer now owns 931,121 shares in the company, valued at $34,060,406.18. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,510 shares of company stock worth $5,918,048 in the last 90 days. 70.45% of the stock is currently owned by insiders.

Dream Finders Homes Stock Performance

DFH stock opened at $25.38 on Thursday. The business’s 50-day moving average is $31.22 and its two-hundred day moving average is $30.45. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a fifty-two week low of $23.46 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The business had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. Equities analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Dream Finders Homes Profile

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.