Shell Asset Management Co. Sells 3,329 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. lessened its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH – Get Rating) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,659 shares of the company’s stock after selling 3,329 shares during the period. Shell Asset Management Co.’s holdings in Dream Finders Homes were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Dream Finders Homes by 113.5% during the 2nd quarter. UBS Group AG now owns 2,500 shares of the company’s stock valued at $26,000 after purchasing an additional 1,329 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in Dream Finders Homes by 148.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock worth $49,000 after acquiring an additional 1,706 shares during the last quarter. Bank of America Corp DE raised its stake in Dream Finders Homes by 92.2% in the 1st quarter. Bank of America Corp DE now owns 5,467 shares of the company’s stock worth $94,000 after acquiring an additional 2,623 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Dream Finders Homes by 365.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,186 shares of the company’s stock worth $76,000 after acquiring an additional 5,643 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Dream Finders Homes in the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered Dream Finders Homes from a “sector perform” rating to an “underperform” rating and set a $8.00 target price for the company. in a research note on Friday, January 13th.

Dream Finders Homes Price Performance

Shares of DFH stock opened at $12.49 on Thursday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The business has a fifty day moving average of $11.04 and a 200 day moving average of $10.82. Dream Finders Homes, Inc. has a 1 year low of $8.17 and a 1 year high of $23.09.

Dream Finders Homes Company Profile

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Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.