Dream Finders Homes, Inc. $DFH Stake Cut by Arcus Capital Partners LLC

Arcus Capital Partners LLC cut its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 21.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 964,921 shares of the company’s stock after selling 266,383 shares during the period. Dream Finders Homes accounts for approximately 10.5% of Arcus Capital Partners LLC’s portfolio, making the stock its 2nd largest holding. Arcus Capital Partners LLC owned approximately 1.03% of Dream Finders Homes worth $24,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eukles Asset Management purchased a new position in shares of Dream Finders Homes during the 1st quarter valued at $34,000. Quarry LP bought a new stake in shares of Dream Finders Homes during the 1st quarter worth $40,000. GAMMA Investing LLC increased its stake in Dream Finders Homes by 907.1% in the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company’s stock valued at $135,000 after acquiring an additional 5,370 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in Dream Finders Homes during the second quarter valued at about $207,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Dream Finders Homes during the second quarter valued at about $208,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,567 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were 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 in the company, valued at approximately $55,635,499.92. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 97,419 shares of company stock worth $2,699,849. 68.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dream Finders Homes has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Price Performance

NASDAQ DFH opened at $23.30 on Friday. The business’s 50-day moving average is $27.11 and its 200 day moving average is $24.90. The stock has a market capitalization of $2.16 billion, a PE ratio of 7.61, a PEG ratio of 1.28 and a beta of 1.87. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $35.71.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data 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 return on equity of 30.18% and a net margin of 7.65%.During the same period in the prior year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

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.