Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells $1,541,537.80 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 49,345 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $31.24, for a total value of $1,541,537.80. Following the transaction, the chief executive officer now owns 1,156,633 shares in the company, valued at $36,133,214.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dream Finders Homes Trading Up 3.6 %

Shares of Dream Finders Homes stock opened at $32.68 on Monday. Dream Finders Homes, Inc. has a 12-month low of $18.29 and a 12-month high of $44.38. The company has a market cap of $3.05 billion, a P/E ratio of 11.08, a PEG ratio of 0.68 and a beta of 1.89. The company’s fifty day simple moving average is $27.40 and its two-hundred day simple moving average is $32.61.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Dream Finders Homes by 44.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 157,611 shares of the company’s stock valued at $4,070,000 after purchasing an additional 48,270 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Dream Finders Homes in the 2nd quarter worth about $5,058,000. ORG Partners LLC purchased a new position in Dream Finders Homes during the 2nd quarter valued at about $68,000. Csenge Advisory Group boosted its stake in Dream Finders Homes by 31.1% during the second quarter. Csenge Advisory Group now owns 19,573 shares of the company’s stock worth $505,000 after acquiring an additional 4,646 shares in the last quarter. Finally, Simplicity Wealth LLC grew its holdings in Dream Finders Homes by 6.2% in the second quarter. Simplicity Wealth LLC now owns 21,565 shares of the company’s stock worth $557,000 after purchasing an additional 1,259 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DFH shares. Bank of America raised their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price for the company in a report on Monday, May 13th. Finally, Wedbush restated a “neutral” rating and set a $24.00 price target on shares of Dream Finders Homes in a report on Thursday, May 2nd.

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.