JPMorgan Chase & Co. Has $2.17 Million Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

JPMorgan Chase & Co. raised its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 621.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,384 shares of the company’s stock after acquiring an additional 80,433 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Dream Finders Homes worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DFH. Prudential Financial Inc. acquired a new position in Dream Finders Homes during the fourth quarter worth $621,000. Vanguard Group Inc. raised its position in shares of Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock valued at $72,788,000 after buying an additional 605,508 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dream Finders Homes during the fourth quarter worth $116,000. Sei Investments Co. lifted its holdings in shares of Dream Finders Homes by 5.8% in the fourth quarter. Sei Investments Co. now owns 156,943 shares of the company’s stock worth $3,652,000 after acquiring an additional 8,625 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Dream Finders Homes in the fourth quarter valued at approximately $250,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now owns 184,213 shares in the company, valued at approximately $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 70.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.

Dream Finders Homes Stock Up 0.2 %

Dream Finders Homes stock opened at $22.30 on Thursday. The company’s 50 day moving average price is $22.94 and its two-hundred day moving average price is $26.08. The stock has a market cap of $2.08 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $39.15.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. On average, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Dream Finders Homes Company 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.