D. E. Shaw & Co. Inc. Invests $518,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

D. E. Shaw & Co. Inc. bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,256 shares of the company’s stock, valued at approximately $518,000.

Several other large investors have also recently bought and sold shares of DFH. Vanguard Group Inc. lifted 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 worth $72,788,000 after acquiring an additional 605,508 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Dream Finders Homes by 11.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company’s stock valued at $139,847,000 after purchasing an additional 594,592 shares in the last quarter. Cooke & Bieler LP lifted its position in Dream Finders Homes by 19.7% in the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock worth $51,124,000 after purchasing an additional 361,616 shares during the period. Arcus Capital Partners LLC lifted its position in Dream Finders Homes by 21.1% in the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock worth $47,967,000 after purchasing an additional 359,659 shares during the period. Finally, Invesco Ltd. boosted its stake in Dream Finders Homes by 210.7% during the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company’s stock worth $11,819,000 after buying an additional 344,426 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at approximately $4,511,376.37. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 68.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DFH. Bank of America lowered their price target on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wedbush reissued a “neutral” rating and issued a $26.00 target price on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

Dream Finders Homes Stock Performance

Shares of DFH opened at $21.01 on Monday. The business’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $24.48. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 6.86, a PEG 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 released its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue was up 19.6% on a year-over-year basis. As a group, research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

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.