Dream Finders Homes (NYSE:DFH) Hits New 12-Month Low – Time to Sell?

Shares of Dream Finders Homes, Inc. (NYSE:DFH) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $10.68 and last traded at $10.7240, with a volume of 49183 shares. The stock had previously closed at $11.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Performance

The firm’s 50 day moving average is $13.69 and its 200 day moving average is $14.46. The stock has a market cap of $959.82 million, a P/E ratio of 7.40 and a beta of 1.91.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.The firm had revenue of $1.06 billion during the quarter.

Insider Activity

In related news, Director Richard Beckwitt acquired 70,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $13.95 per share, for a total transaction of $976,500.00. Following the completion of the purchase, the director owned 70,000 shares of the company’s stock, valued at approximately $976,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 103,000 shares of company stock valued at $1,427,755 over the last three months. Company insiders own 65.97% of the company’s stock.

Institutional Trading of Dream Finders Homes

Large investors have recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. grew its position in Dream Finders Homes by 1.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 83,275 shares of the company’s stock valued at $1,424,000 after buying an additional 941 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Dream Finders Homes by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock worth $29,000 after acquiring an additional 1,015 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Dream Finders Homes by 9.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 17,761 shares of the company’s stock worth $247,000 after acquiring an additional 1,527 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after acquiring an additional 1,913 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Dream Finders Homes by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after purchasing an additional 2,728 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.

In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.

The company was founded in 2008 and is headquartered in Jacksonville, Florida.