Hennessy Advisors Inc. Sells 24,200 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Hennessy Advisors Inc. lessened its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 10.3% during the 1st quarter, Holdings Channel reports. The firm owned 211,500 shares of the company’s stock after selling 24,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Dream Finders Homes were worth $4,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DFH. First Horizon Advisors Inc. grew its position in Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after purchasing an additional 568 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at $116,000. GAMMA Investing LLC boosted its holdings in shares of Dream Finders Homes by 907.1% in the 1st 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. Oregon Public Employees Retirement Fund purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at $149,000. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at $163,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH opened at $22.70 on Friday. The company’s fifty day moving average price is $22.16 and its 200 day moving average price is $23.65. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $39.15. The company has a market capitalization of $2.12 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.86.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective on shares of Dream Finders Homes in a report on Tuesday, May 6th.

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.