9,272 Shares in Dream Finders Homes, Inc. (NASDAQ:DFH) Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System bought a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,272 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its position in shares of Dream Finders Homes by 49.1% during the 4th quarter. Intech Investment Management LLC now owns 17,676 shares of the company’s stock worth $411,000 after buying an additional 5,819 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Dream Finders Homes during the fourth quarter valued at approximately $493,000. Cooke & Bieler LP raised its holdings in Dream Finders Homes by 19.7% during the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock worth $51,124,000 after purchasing an additional 361,616 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Dream Finders Homes by 8.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 77,704 shares of the company’s stock worth $1,808,000 after purchasing an additional 6,000 shares during the period. Finally, M&T Bank Corp boosted its stake in Dream Finders Homes by 43.6% during the 4th quarter. M&T Bank Corp now owns 30,297 shares of the company’s stock valued at $705,000 after purchasing an additional 9,206 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Price Performance

Shares of DFH opened at $24.24 on Wednesday. Dream Finders Homes, Inc. has a 12-month low of $20.54 and a 12-month high of $44.38. The stock has a market capitalization of $2.26 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.28 and a beta of 1.99. The firm’s 50 day moving average is $23.51 and its 200-day moving average is $27.99.

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

Insider Activity

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 70.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Bank of America dropped their price objective on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

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.