Dream Finders Homes (NASDAQ:DFH) Reaches New 1-Year Low on Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) shares reached a new 52-week low during trading on Friday following insider selling activity. The stock traded as low as $22.95 and last traded at $23.70, with a volume of 1607656 shares trading hands. The stock had previously closed at $25.38.

Specifically, CEO Patrick O. Zalupski sold 18,214 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. The trade was a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Up 1.1 %

The company has a market capitalization of $2.24 billion, a P/E ratio of 7.83, a P/E/G ratio of 0.72 and a beta of 1.93. The company’s 50-day simple moving average is $30.88 and its 200 day simple moving average is $30.38.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior 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 research analysts forecast that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Institutional Trading of Dream Finders Homes

A number of institutional investors and hedge funds have recently modified their holdings of the company. Denali Advisors LLC raised its stake in Dream Finders Homes by 27.9% during the 2nd 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 last quarter. Cornercap Investment Counsel Inc. acquired a new position in Dream Finders Homes during the 2nd quarter valued at $538,000. Natixis Advisors LLC raised its stake in Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock valued at $1,617,000 after purchasing an additional 20,551 shares during the last quarter. Bretton Capital Management LLC acquired a new position in Dream Finders Homes during the 3rd quarter valued at $4,508,000. Finally, Rothschild Investment LLC acquired a new position in Dream Finders Homes during the 2nd quarter valued at $469,000. 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.