Dream Finders Homes (NASDAQ:DFH) Trading Down 4.3% After Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price dropped 4.3% on Thursday after an insider sold shares in the company. The stock traded as low as $24.25 and last traded at $24.29. Approximately 100,762 shares traded hands during trading, a decline of 78% from the average daily volume of 463,205 shares. The stock had previously closed at $25.38.

Specifically, CEO Patrick O. Zalupski sold 18,214 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Trading Up 1.1 %

The firm has a market capitalization of $2.24 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93. The firm has a 50 day moving average price of $30.88 and a 200-day moving average price of $30.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Research analysts anticipate that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Institutional Trading of Dream Finders Homes

Large investors have recently added to or reduced their stakes in the stock. Cooke & Bieler LP lifted its position in shares of Dream Finders Homes by 17.5% during the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after buying an additional 277,499 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Dream Finders Homes by 2,502.1% in the 3rd quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after purchasing an additional 663,180 shares in the last quarter. Geode Capital Management LLC increased its position in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after purchasing an additional 39,130 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 55.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after buying an additional 150,026 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Dream Finders Homes by 57.9% in 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. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.