Quantbot Technologies LP Grows Stock Position in Dream Finders Homes, Inc. $DFH

Quantbot Technologies LP boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 257.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,936 shares of the company’s stock after acquiring an additional 50,397 shares during the period. Quantbot Technologies LP’s holdings in Dream Finders Homes were worth $1,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cooke & Bieler LP raised its position in Dream Finders Homes by 12.9% in the second quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock valued at $61,810,000 after purchasing an additional 280,510 shares during the period. Fenimore Asset Management Inc raised its holdings in Dream Finders Homes by 3.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 688,292 shares of the company’s stock valued at $17,297,000 after buying an additional 22,871 shares during the period. Geode Capital Management LLC lifted its position in Dream Finders Homes by 7.3% in the second quarter. Geode Capital Management LLC now owns 685,435 shares of the company’s stock valued at $17,226,000 after buying an additional 46,538 shares during the last quarter. Invesco Ltd. lifted its position in Dream Finders Homes by 3.1% in the first quarter. Invesco Ltd. now owns 523,563 shares of the company’s stock valued at $11,812,000 after buying an additional 15,660 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Dream Finders Homes by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock worth $11,728,000 after buying an additional 41,117 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DFH shares. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 12th. Bank of America decreased their target price on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, BTIG Research started coverage on Dream Finders Homes in a report on Monday, December 1st. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 11,143 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $28.27, for a total value of $315,012.61. Following the transaction, the chief executive officer owned 1,905,909 shares in the company, valued at approximately $53,880,047.43. This represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 36,100 shares of company stock worth $990,946. Corporate insiders own 68.16% of the company’s stock.

Dream Finders Homes Price Performance

NASDAQ:DFH opened at $18.82 on Friday. Dream Finders Homes, Inc. has a 12 month low of $17.61 and a 12 month high of $31.82. The firm has a market capitalization of $1.75 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85. The business’s fifty day moving average price is $21.37 and its 200 day moving average price is $24.35.

About Dream Finders Homes

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.