Dream Finders Homes (NASDAQ:DFH) Shares Gap Down Following Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $33.86, but opened at $33.09. Dream Finders Homes shares last traded at $31.82, with a volume of 70,257 shares traded.

Specifically, Director William Radford Lovett II sold 10,492 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $33.66, for a total transaction of $353,160.72. Following the completion of the transaction, the director now owns 4,667,800 shares of the company’s stock, valued at $157,118,148. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

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

Dream Finders Homes Trading Down 5.2 %

The firm has a market cap of $2.99 billion, a PE ratio of 10.87, a P/E/G ratio of 0.75 and a beta of 1.89. The company’s 50-day moving average is $33.13 and its 200 day moving average is $31.06.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Dream Finders Homes’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that Dream Finders Homes, Inc. will post 3.22 EPS for the current fiscal year.

Institutional Trading of Dream Finders Homes

Several institutional investors have recently made changes to their positions in DFH. SG Americas Securities LLC grew its stake in Dream Finders Homes by 445.3% in the first quarter. SG Americas Securities LLC now owns 34,641 shares of the company’s stock valued at $1,515,000 after purchasing an additional 28,288 shares in the last quarter. Norden Group LLC increased its holdings in Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after buying an additional 309,461 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Dream Finders Homes during the first quarter valued at approximately $1,570,000. Vanguard Group Inc. lifted its stake in Dream Finders Homes by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after acquiring an additional 45,890 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in shares of Dream Finders Homes by 27.9% during the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock worth $3,625,000 after purchasing an additional 30,599 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.