GAMMA Investing LLC Purchases 1,299 Shares of Dream Finders Homes, Inc. $DFH

GAMMA Investing LLC lifted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 21.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,261 shares of the company’s stock after purchasing an additional 1,299 shares during the quarter. GAMMA Investing LLC’s holdings in Dream Finders Homes were worth $182,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Eukles Asset Management bought a new stake in Dream Finders Homes during the 1st quarter valued at $34,000. Quarry LP acquired a new position in shares of Dream Finders Homes during the first quarter valued at about $40,000. New York State Teachers Retirement System increased its position in shares of Dream Finders Homes by 14.6% during the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company’s stock worth $213,000 after acquiring an additional 1,200 shares in the last quarter. Royal Bank of Canada increased its position in shares of Dream Finders Homes by 39.3% during the first quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock worth $232,000 after acquiring an additional 2,898 shares in the last quarter. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of Dream Finders Homes in the 1st quarter worth about $235,000. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Price Performance

NASDAQ DFH opened at $26.17 on Monday. The company has a fifty day moving average price of $27.65 and a 200-day moving average price of $24.80. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $36.76.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same quarter in the prior year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 11,567 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $28.86, for a total value of $333,823.62. Following the completion of the transaction, the chief executive officer directly owned 1,927,772 shares of the company’s stock, valued at $55,635,499.92. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 104,030 shares of company stock valued at $2,889,019. 68.16% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Bank of America lifted their price target on Dream Finders Homes from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.00.

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.