Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 18,119 Shares of Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 18,119 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total transaction of $602,637.94. Following the transaction, the chief executive officer now directly owns 2,003,125 shares of the company’s stock, valued at $66,623,937.50. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dream Finders Homes Stock Down 3.1 %

Dream Finders Homes stock opened at $31.18 on Friday. Dream Finders Homes, Inc. has a 52-week low of $23.46 and a 52-week high of $44.38. The firm has a fifty day moving average of $32.33 and a 200-day moving average of $30.37. The firm has a market capitalization of $2.91 billion, a P/E ratio of 10.19, a PEG ratio of 0.80 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data 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 business had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.75 EPS. Dream Finders Homes’s revenue was up 10.4% on a year-over-year basis. On average, research analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Dream Finders Homes

Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Dream Finders Homes by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after purchasing an additional 1,041 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Dream Finders Homes by 3.3% in the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock valued at $992,000 after purchasing an additional 728 shares during the period. Simplicity Wealth LLC boosted its stake in shares of Dream Finders Homes by 6.2% in the second quarter. Simplicity Wealth LLC now owns 21,565 shares of the company’s stock valued at $557,000 after purchasing an additional 1,259 shares during the period. Csenge Advisory Group boosted its stake in Dream Finders Homes by 31.1% during the 2nd quarter. Csenge Advisory Group now owns 19,573 shares of the company’s stock valued at $505,000 after acquiring an additional 4,646 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Dream Finders Homes during the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America increased their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th.

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.