Envestnet Asset Management Inc. Increases Holdings in Dream Finders Homes, Inc. $DFH

Envestnet Asset Management Inc. raised its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 191,594 shares of the company’s stock after acquiring an additional 4,268 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dream Finders Homes were worth $4,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Dream Finders Homes in the first quarter worth about $40,000. Nisa Investment Advisors LLC raised its holdings in shares of Dream Finders Homes by 164.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock valued at $45,000 after buying an additional 1,114 shares during the period. AlphaQuest LLC acquired a new position in Dream Finders Homes during the 2nd quarter worth approximately $150,000. GAMMA Investing LLC boosted its holdings in Dream Finders Homes by 21.8% in the 2nd quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock worth $182,000 after acquiring an additional 1,299 shares during the period. Finally, Maryland State Retirement & Pension System acquired a new stake in Dream Finders Homes in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Zelman & Associates raised shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Down 2.0%

Shares of DFH opened at $19.14 on Friday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.28 and a beta of 1.85. The business’s 50 day moving average is $24.37 and its two-hundred day moving average is $24.77. Dream Finders Homes, Inc. has a 52-week low of $18.41 and a 52-week high of $34.43.

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 value of $176,168.42. Following the sale, the chief executive officer directly owned 1,891,672 shares of the company’s stock, valued at $49,051,054.96. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 66,171 shares of company stock valued at $1,845,824 in the last three months. 68.16% of the stock is currently owned by insiders.

Dream Finders Homes 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.