Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 12,966 Shares of Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 12,966 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $360,973.44. Following the completion of the sale, the chief executive officer now directly owns 1,231,396 shares of the company’s stock, valued at $34,282,064.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dream Finders Homes Price Performance

NASDAQ DFH opened at $26.97 on Monday. The business’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $33.51. The firm has a market capitalization of $2.52 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.56 and a beta of 1.93. Dream Finders Homes, Inc. has a 1-year low of $18.29 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that Dream Finders Homes, Inc. will post 3.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Dream Finders Homes

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Dream Finders Homes by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock worth $92,504,000 after acquiring an additional 45,890 shares during the period. Hood River Capital Management LLC increased its stake in Dream Finders Homes by 23.7% during the 1st quarter. Hood River Capital Management LLC now owns 516,071 shares of the company’s stock worth $22,568,000 after buying an additional 98,922 shares during the period. Federated Hermes Inc. acquired a new position in Dream Finders Homes in the 4th quarter worth $13,324,000. Wasatch Advisors LP boosted its position in Dream Finders Homes by 8.3% in the 4th quarter. Wasatch Advisors LP now owns 336,518 shares of the company’s stock valued at $11,956,000 after buying an additional 25,724 shares during the last quarter. Finally, Norden Group LLC grew its stake in shares of Dream Finders Homes by 2,580.6% during the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after acquiring an additional 309,461 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DFH has been the subject of several analyst reports. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price for the company in a research note on Monday, May 13th. Wedbush reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Bank of America boosted their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, TheStreet raised 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.