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

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) reached a new 52-week low during trading on Friday after an insider sold shares in the company. The stock traded as low as $22.95 and last traded at $23.70, with a volume of 1607656 shares changing hands. 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 stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the sale, the chief executive officer now directly owns 1,956,353 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted their price target on 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 Price Performance

The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93. The firm’s 50-day moving average is $31.05 and its 200 day moving average is $30.40.

Dream Finders Homes (NASDAQ:DFH) last issued its 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 return on equity of 30.18% and a net margin of 7.65%. The firm had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Institutional Trading of Dream Finders Homes

Several institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Dream Finders Homes in the third quarter worth about $63,000. Geode Capital Management LLC grew its stake in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after buying an additional 39,130 shares during the last quarter. Vestcor Inc acquired a new stake in Dream Finders Homes in the third quarter worth $645,000. Barclays PLC lifted its stake in Dream Finders Homes by 45.2% in the third quarter. Barclays PLC now owns 92,402 shares of the company’s stock valued at $3,345,000 after buying an additional 28,764 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Dream Finders Homes during the third quarter valued at $260,000. 95.55% of the stock is 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.