Dream Finders Homes (NASDAQ:DFH) Trading Down 4.3% Following Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) shares dropped 4.3% during trading on Thursday after an insider sold shares in the company. The company traded as low as $24.25 and last traded at $24.29. Approximately 100,762 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 463,205 shares. The stock had previously closed at $25.38.

Specifically, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the sale, the chief executive officer now directly owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Separately, Bank of America raised their target price on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.

Dream Finders Homes Stock Up 1.1 %

The firm’s 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $30.38. The stock has a market cap of $2.24 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Hedge Funds Weigh In On Dream Finders Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Dream Finders Homes by 3.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after purchasing an additional 746 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Dream Finders Homes in the 3rd quarter valued at about $33,000. Versor Investments LP boosted its position in shares of Dream Finders Homes by 13.0% during the 2nd quarter. Versor Investments LP now owns 11,800 shares of the company’s stock valued at $305,000 after purchasing an additional 1,354 shares in the last quarter. FMR LLC lifted its stake in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Precision Wealth Strategies LLC lifted its position in shares of Dream Finders Homes by 17.6% during the 3rd quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company’s stock valued at $387,000 after acquiring an additional 1,598 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

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.