Renaissance Technologies LLC Reduces Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Renaissance Technologies LLC reduced its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 11.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 290,567 shares of the company’s stock after selling 37,043 shares during the period. Renaissance Technologies LLC’s holdings in Dream Finders Homes were worth $6,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Dream Finders Homes by 24.0% during the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock valued at $72,788,000 after purchasing an additional 605,508 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Dream Finders Homes by 19.7% in the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock worth $51,124,000 after acquiring an additional 361,616 shares during the last quarter. Arcus Capital Partners LLC grew its stake in shares of Dream Finders Homes by 21.1% during the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock valued at $47,967,000 after buying an additional 359,659 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dream Finders Homes by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock worth $14,531,000 after purchasing an additional 1,976 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Dream Finders Homes by 210.7% in the 4th quarter. Invesco Ltd. now owns 507,903 shares of the company’s stock valued at $11,819,000 after buying an additional 344,426 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Insider Buying and Selling at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares of the company’s stock, valued at approximately $4,511,376.37. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Price Performance

DFH opened at $21.45 on Friday. The firm has a market capitalization of $2.00 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95. The business’s 50-day moving average is $22.94 and its two-hundred day moving average is $26.35. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $39.15.

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

Wall Street Analyst Weigh In

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

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.