DiamondHead is a special purpose acquisition company led by Co-CEO and Chairman David Hamamoto, who has over 40 years of experience in real estate investing, as well as operating both private and publicly held real estate businesses. David Hamamoto was the founder and Chairman of the previously publicly-traded NorthStar real estate related companies: NorthStar Realty Finance Corp., NorthStar Asset Management Group, Inc. and NorthStar Realty Europe Corp. In addition, David Hamamoto was a former partner at Goldman, Sachs & Co. and the co-founder of its Real Estate Principal Investment Group and Whitehall funds.
Company profile
Ticker
DHHC, DHHCU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
PulteGroup • Toll Brothers • Taylor Morrison Home • KB Home • NVR • Beazer Homes USA • M.D.C. • Hovnanian Enterprises • Meritage Homes • MI Homes ...
SEC CIK
Corporate docs
IRS number
853460766
DHHC stock data
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
25 Jan 23
8-K
Regulation FD Disclosure
24 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Jan 23
DEF 14A
Definitive proxy
4 Jan 23
PRE 14A
Preliminary proxy
18 Nov 22
10-Q
2022 Q3
Quarterly report
9 Nov 22
Latest ownership filings
4
DAVID T HAMAMOTO
19 Jan 23
4
DAVID T HAMAMOTO
13 Jan 23
3
Michael John Bayles
9 Aug 22
SC 13G
HAMAMOTO DAVID T
14 Feb 22
SC 13G
BlackRock Inc.
8 Feb 22
SC 13G
ADAGE CAPITAL PARTNERS GP, L.L.C.
8 Feb 21
SC 13G
INTEGRATED CORE STRATEGIES (US) LLC
2 Feb 21
3
Jonathan A Langer
25 Jan 21
3
Charles W Schoenherr
25 Jan 21
3
Keith A. Feldman
25 Jan 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
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| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 10.92 k | 10.92 k | 10.92 k | 10.92 k | 10.92 k | 10.92 k |
| Cash burn (monthly) | 10.67 k | 27.63 k | 786.92 k | (no burn) | 1.44 mm | 86.05 k |
| Cash used (since last report) | 44.13 k | 114.28 k | 3.25 mm | n/a | 5.95 mm | 355.91 k |
| Cash remaining | -33.21 k | -103.36 k | -3.24 mm | n/a | -5.94 mm | -344.99 k |
| Runway (months of cash) | -3.1 | -3.7 | -4.1 | n/a | -4.1 | -4.0 |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 87 |
| Opened positions | 45 |
| Closed positions | 16 |
| Increased positions | 33 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 344.66 mm |
| Total shares | 43.30 mm |
| Total puts | 0.00 |
| Total calls | 92.55 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Hamamoto David T | 8.63 mm | $0.00 |
| BLK Blackrock | 3.42 mm | $33.64 mm |
| Integrated Core Strategies | 2.97 mm | $32.08 mm |
| Millennium Management | 2.92 mm | $28.79 mm |
| Aristeia Capital | 1.70 mm | $16.75 mm |
| Marshall Wace | 1.59 mm | $15.74 mm |
| Jane Street | 1.51 mm | $14.89 mm |
| Citadel Advisors | 1.45 mm | $14.31 mm |
| Saba Capital Management | 1.41 mm | $13.90 mm |
| Mizuho Markets Americas | 1.09 mm | $10.70 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 Jan 23 | Hamamoto David T | Class A Common Stock | Buy | Acquire P | No | No | 10.085 | 162,256 | 1.64 mm | 1,250,000 |
| 17 Jan 23 | Hamamoto David T | Class A Common Stock | Buy | Acquire P | No | No | 10.09 | 86,744 | 875.25 k | 1,087,744 |
| 17 Jan 23 | Hamamoto David T | Class A Common Stock | Buy | Acquire P | No | No | 10.08 | 1,000 | 10.08 k | 1,001,000 |
| 12 Jan 23 | Hamamoto David T | Class A Common Stock | Buy | Acquire P | No | No | 10.09 | 1,000,000 | 10.09 mm | 1,000,000 |