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

Dream Finders Homes, Inc. (NASDAQ:DFH) was down 4.3% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $24.25 and last traded at $24.29. Approximately 100,762 shares changed 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 firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the transaction, the chief executive officer now owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Performance

The firm’s 50 day moving average price is $30.88 and its two-hundred day moving average price is $30.38. The firm has a market cap of $2.24 billion, a PE ratio of 7.83, a PEG ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (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 analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $0.75 earnings per share. Dream Finders Homes’s revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds have recently made changes to their positions in DFH. Denali Advisors LLC lifted its stake in shares of Dream Finders Homes by 27.9% in the second quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock valued at $3,625,000 after purchasing an additional 30,599 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in Dream Finders Homes during the second quarter worth $538,000. Natixis Advisors LLC raised its stake in shares of Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after buying an additional 20,551 shares during the last quarter. Bretton Capital Management LLC acquired a new stake in Dream Finders Homes in the 3rd quarter valued at about $4,508,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Dream Finders Homes in the second quarter valued at about $469,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.