AlphaQuest LLC Invests $150,000 in Dream Finders Homes, Inc. $DFH

AlphaQuest LLC acquired a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,987 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Dream Finders Homes during the first quarter worth approximately $40,000. GAMMA Investing LLC raised its position in shares of Dream Finders Homes by 21.8% during the 2nd quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock valued at $182,000 after acquiring an additional 1,299 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $207,000. Janney Montgomery Scott LLC bought a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $208,000. Finally, New York State Teachers Retirement System raised its position in shares of Dream Finders Homes by 14.6% during the 1st quarter. New York State Teachers Retirement System now owns 9,438 shares of the company’s stock valued at $213,000 after acquiring an additional 1,200 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America dropped their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Price Performance

Shares of Dream Finders Homes stock opened at $19.20 on Tuesday. The business has a 50-day moving average of $25.79 and a two-hundred day moving average of $24.98. Dream Finders Homes, Inc. has a 1 year low of $19.05 and a 1 year high of $34.43. The company has a market capitalization of $1.78 billion, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.87.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 6,794 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total transaction of $176,168.42. Following the completion of the sale, the chief executive officer owned 1,891,672 shares of the company’s stock, valued at $49,051,054.96. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 87,003 shares of company stock worth $2,403,305 over the last ninety days. 68.16% of the stock is owned by corporate 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.