Dream Finders Homes (NASDAQ:DFH) Shares Gap Down After Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) shares gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $33.86, but opened at $33.09. Dream Finders Homes shares last traded at $31.82, with a volume of 70,257 shares trading hands.

Specifically, Director William Radford Lovett II sold 10,492 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the sale, the director now owns 4,667,800 shares in the company, valued at approximately $157,118,148. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

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 Price Performance

The business has a fifty day moving average of $33.13 and a 200 day moving average of $31.06. The stock has a market cap of $2.99 billion, a PE ratio of 10.87, a P/E/G ratio of 0.75 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts expect that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC lifted its holdings in shares of Dream Finders Homes by 2,580.6% in the 1st quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after purchasing an additional 309,461 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of Dream Finders Homes by 17.5% in the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after acquiring an additional 277,499 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Dream Finders Homes in the second quarter valued at approximately $5,058,000. Dimensional Fund Advisors LP boosted its holdings in shares of Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after acquiring an additional 125,800 shares during the period. Institutional investors and hedge funds 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.