Dream Finders Homes, Inc. $DFH Stock: Cooke & Bieler LP Trims Stake

Cooke & Bieler LP decreased its holdings in Dream Finders Homes, Inc. (NYSE:DFH) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,518,544 shares of the company’s stock after selling 352,257 shares during the quarter. Cooke & Bieler LP’s holdings in Dream Finders Homes were worth $16,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DFH. State of Wyoming bought a new position in Dream Finders Homes during the 1st quarter valued at about $54,000. Versant Capital Management Inc boosted its holdings in shares of Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after acquiring an additional 1,913 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Dream Finders Homes by 1,878.0% in the first quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock worth $133,000 after acquiring an additional 9,052 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Dream Finders Homes in the first quarter worth approximately $150,000. Finally, GAMMA Investing LLC grew its stake in shares of Dream Finders Homes by 37.5% in the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock worth $173,000 after acquiring an additional 2,728 shares during the period. Institutional investors own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Dream Finders Homes Price Performance

NYSE DFH opened at $9.01 on Thursday. The stock has a market capitalization of $817.57 million, a price-to-earnings ratio of 6.71 and a beta of 1.91. Dream Finders Homes, Inc. has a 1-year low of $7.30 and a 1-year high of $23.80. The business’s fifty day moving average price is $12.04 and its 200-day moving average price is $13.90.

Dream Finders Homes (NYSE:DFH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.27 EPS for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%. The company had revenue of $1.06 billion during the quarter.

Insider Buying and Selling

In other news, Director Richard Beckwitt bought 10,000 shares of the stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $12.07 per share, with a total value of $120,700.00. Following the completion of the acquisition, the director owned 100,000 shares in the company, valued at $1,207,000. The trade was a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 103,000 shares of company stock worth $1,427,755 in the last three months. 65.97% of the stock is currently owned by corporate insiders.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.