Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells $1,059,372.73 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the sale, the chief executive officer now owns 1,357,978 shares in the company, valued at $47,271,214.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dream Finders Homes Trading Down 2.2 %

DFH opened at $35.64 on Thursday. The company’s 50 day moving average is $38.04 and its 200-day moving average is $31.49. Dream Finders Homes, Inc. has a 1-year low of $14.59 and a 1-year high of $44.38. The company has a market cap of $3.32 billion, a P/E ratio of 12.51, a PEG ratio of 0.92 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.29. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $898.68 million. During the same period last year, the company posted $0.78 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Dream Finders Homes, Inc. will post 3.45 EPS for the current year.

Institutional Investors Weigh In On Dream Finders Homes

Several hedge funds have recently added to or reduced their stakes in DFH. Denali Advisors LLC boosted its position in Dream Finders Homes by 35.3% during the 3rd quarter. Denali Advisors LLC now owns 45,443 shares of the company’s stock worth $1,010,000 after buying an additional 11,850 shares during the period. Bank of New York Mellon Corp boosted its position in Dream Finders Homes by 9.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 158,445 shares of the company’s stock worth $3,522,000 after buying an additional 13,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dream Finders Homes by 51.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock worth $84,000 after buying an additional 1,295 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dream Finders Homes during the 3rd quarter worth approximately $416,000. Finally, Csenge Advisory Group acquired a new stake in Dream Finders Homes during the 3rd quarter worth approximately $488,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DFH. Bank of America increased their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st.

About Dream Finders Homes

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.