Dream Finders Homes (NYSE:DFH) Sets New 12-Month Low – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH) shares reached a new 52-week low during trading on Thursday. The company traded as low as $11.16 and last traded at $11.3320, with a volume of 259307 shares changing hands. The stock had previously closed at $11.63.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dream Finders Homes in a research note 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Trading Up 1.6%

The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.88 and a beta of 1.91. The company’s 50 day moving average is $13.85 and its 200 day moving average is $14.53.

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

Insider Buying and Selling at Dream Finders Homes

In other news, Director Richard Beckwitt bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $12.07 per share, with a total value of $120,700.00. Following the transaction, the director directly owned 100,000 shares in the company, valued at $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in shares of Dream Finders Homes in the second quarter valued at approximately $667,000. Bank of New York Mellon Corp acquired a new position in shares of Dream Finders Homes in the 2nd quarter valued at $2,833,000. Handelsbanken Fonder AB increased its holdings in shares of Dream Finders Homes by 87.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company’s stock valued at $459,000 after acquiring an additional 12,400 shares during the period. GAMMA Investing LLC raised its position in 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 during the last quarter. Finally, Versant Capital Management Inc raised its position in Dream Finders Homes by 59.4% in the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after purchasing an additional 1,913 shares during the last quarter. Institutional investors and hedge funds 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.