Dream Finders Homes, Inc. $DFH Shares Bought by Elgethun Capital Management

Elgethun Capital Management grew its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 145.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,112 shares of the company’s stock after acquiring an additional 269,024 shares during the period. Dream Finders Homes comprises about 2.3% of Elgethun Capital Management’s holdings, making the stock its 16th biggest position. Elgethun Capital Management owned about 0.49% of Dream Finders Homes worth $11,412,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cooke & Bieler LP increased its position in shares of Dream Finders Homes by 12.9% in the second quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock valued at $61,810,000 after buying an additional 280,510 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in Dream Finders Homes during the 1st quarter valued at about $2,935,000. Nuveen LLC acquired a new position in Dream Finders Homes during the first quarter worth about $1,742,000. Islay Capital Management LLC acquired a new position in Dream Finders Homes during the second quarter worth about $1,216,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Dream Finders Homes by 7.3% in the second quarter. Geode Capital Management LLC now owns 685,435 shares of the company’s stock valued at $17,226,000 after purchasing an additional 46,538 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Up 2.0%

Shares of DFH opened at $19.85 on Thursday. Dream Finders Homes, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $34.43. The company’s fifty day moving average is $22.42 and its two-hundred day moving average is $24.54. The firm has a market cap of $1.84 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DFH shares. Bank of America cut their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 6,794 shares of the company’s 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 directly owned 1,891,672 shares of the company’s stock, valued at approximately $49,051,054.96. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 55,226 shares of company stock valued at $1,534,683 over the last ninety days. 68.16% of the stock is owned by corporate insiders.

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.