Envestnet Asset Management Inc. Cuts Holdings in Dream Finders Homes, Inc. $DFH

Envestnet Asset Management Inc. trimmed its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 22.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 149,520 shares of the company’s stock after selling 42,074 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Dream Finders Homes worth $3,876,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Dream Finders Homes by 164.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Dream Finders Homes by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock worth $95,000 after acquiring an additional 402 shares during the period. State of Wyoming purchased a new position in Dream Finders Homes in the second quarter worth $123,000. Tower Research Capital LLC TRC grew its stake in Dream Finders Homes by 338.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,182 shares of the company’s stock valued at $130,000 after purchasing an additional 3,999 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Dream Finders Homes by 39.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,856 shares of the company’s stock valued at $147,000 after purchasing an additional 1,665 shares during the period. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 4.0%

DFH opened at $19.22 on Wednesday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.28 and a beta of 1.86. The firm has a 50-day moving average price of $18.97 and a 200-day moving average price of $22.09. Dream Finders Homes, Inc. has a twelve month low of $16.59 and a twelve month high of $31.50.

Analyst Ratings Changes

DFH has been the topic of a number of research analyst reports. Citigroup initiated coverage on shares of Dream Finders Homes in a report on Wednesday, January 7th. They issued a “market perform” rating on the stock. BTIG Research started coverage on shares of Dream Finders Homes in a research report on Monday, December 1st. They issued a “neutral” rating on the stock. Zelman & Associates raised shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 12th. Finally, Citizens Jmp assumed coverage on shares of Dream Finders Homes in a research note on Wednesday, January 7th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Dream Finders Homes presently has an average rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Profile

Dream Finders Homes is a residential homebuilder specializing in the design, development and construction of single-family and multifamily communities across the United States. Through its in-house Design Studio, the company offers a range of home collections that blend architectural styles with customizable floor plans, allowing buyers to tailor finishes and features to suit their lifestyle preferences. In addition to core construction services, Dream Finders provides integrated mortgage and title services, streamlining the homebuying process for its clients.

Founded in 2007 and headquartered in St.