Citigroup Inc. Lowers Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Citigroup Inc. lessened its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,405 shares of the company’s stock after selling 1,205 shares during the period. Citigroup Inc.’s holdings in Dream Finders Homes were worth $187,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its position in Dream Finders Homes by 4.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,040,432 shares of the company’s stock worth $80,036,000 after purchasing an additional 279,730 shares during the last quarter. Arcus Capital Partners LLC increased its position in Dream Finders Homes by 2.2% in the third quarter. Arcus Capital Partners LLC now owns 2,896,051 shares of the company’s stock worth $64,379,000 after purchasing an additional 61,900 shares during the last quarter. Vanguard Group Inc. increased its position in Dream Finders Homes by 3.7% during the third quarter. Vanguard Group Inc. now owns 1,813,332 shares of the company’s stock valued at $19,222,000 after acquiring an additional 64,726 shares during the last quarter. BlackRock Inc. increased its position in Dream Finders Homes by 48.7% during the second quarter. BlackRock Inc. now owns 1,530,053 shares of the company’s stock valued at $37,624,000 after acquiring an additional 500,887 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in Dream Finders Homes by 5.7% during the first quarter. Wasatch Advisors LP now owns 816,729 shares of the company’s stock valued at $10,822,000 after acquiring an additional 43,956 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 54,270 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $42.05, for a total value of $2,282,053.50. Following the transaction, the chief executive officer now directly owns 1,507,805 shares in the company, valued at $63,403,200.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dream Finders Homes news, Director Justin Udelhofen sold 25,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $35.69, for a total transaction of $892,250.00. Following the transaction, the director now directly owns 30,376 shares in the company, valued at approximately $1,084,119.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick O. Zalupski sold 54,270 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $42.05, for a total transaction of $2,282,053.50. Following the transaction, the chief executive officer now owns 1,507,805 shares in the company, valued at $63,403,200.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 256,260 shares of company stock worth $9,429,630. Insiders own 74.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st.

Dream Finders Homes Stock Up 3.9 %

DFH stock opened at $43.63 on Friday. Dream Finders Homes, Inc. has a twelve month low of $12.54 and a twelve month high of $44.38. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.54 and a beta of 1.98. The firm’s fifty day simple moving average is $35.73 and its two-hundred day simple moving average is $29.40.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.29. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $898.68 million. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.14 EPS for the current year.

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.