Daiwa Securities Group Inc. Has $1.81 Million Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Daiwa Securities Group Inc. lifted its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 8.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 77,704 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Dream Finders Homes were worth $1,808,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in Dream Finders Homes during the 3rd quarter valued at $33,000. First Horizon Advisors Inc. grew its holdings in shares of Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after buying an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Dream Finders Homes during the third quarter worth about $63,000. FMR LLC increased its position in shares of Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Dream Finders Homes in the 4th quarter worth about $149,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the sale, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at $53,721,453.38. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America cut their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Dream Finders Homes Trading Up 3.4 %

Shares of NASDAQ:DFH opened at $24.21 on Friday. The stock has a market cap of $2.26 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99. The stock’s fifty day simple moving average is $23.27 and its two-hundred day simple moving average is $28.43. Dream Finders Homes, Inc. has a 1-year low of $20.54 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned $1.00 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

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.