Dream Finders Homes (NASDAQ:DFH) Reaches New 52-Week Low Following Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) shares hit a new 52-week low 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 dated Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now 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 document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

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 research note on Thursday, September 19th.

Dream Finders Homes Trading Up 1.1 %

The company’s fifty day simple moving average is $30.88 and its 200 day simple moving average is $30.38. The firm has a market capitalization 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 announced its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (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 firm 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 company posted $0.75 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Institutional Trading of Dream Finders Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC bought a new stake in Dream Finders Homes during the 3rd quarter valued at about $33,000. nVerses Capital LLC grew its holdings in shares of Dream Finders Homes by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after buying an additional 1,800 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Dream Finders Homes during the third quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. raised its holdings in Dream Finders Homes by 139.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Palouse Capital Management Inc. bought a new position in Dream Finders Homes in the 2nd quarter valued at approximately $79,000. 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.