Dream Finders Homes (NYSE:DFH) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Shares of Dream Finders Homes, Inc. (NYSE:DFH) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.16 and traded as high as $12.87. Dream Finders Homes shares last traded at $12.7930, with a volume of 2,502,137 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Dream Finders Homes Price Performance

The company has a market capitalization of $1.16 billion, a P/E ratio of 13.33 and a beta of 2.02. The company has a 50 day moving average of $11.16 and a 200-day moving average of $14.65.

Dream Finders Homes (NYSE:DFH) last announced its earnings results on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $996.05 million for the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%.

Insider Activity at Dream Finders Homes

In other news, Director Richard Beckwitt purchased 10,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the purchase, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. This represents a 11.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased 103,000 shares of company stock valued at $1,427,755 in the last three months. Insiders own 65.97% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors have recently bought and sold shares of the business. Fulcrum Asset Management LLP lifted its holdings in shares of Dream Finders Homes by 16,803.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company’s stock valued at $123,000 after acquiring an additional 11,090 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in shares of Dream Finders Homes in the third quarter worth approximately $466,000. Pinnacle Wealth Planning Services Inc. grew its position in Dream Finders Homes by 193.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock valued at $33,000 after acquiring an additional 2,043 shares during the last quarter. Engineers Gate Manager LP bought a new position in Dream Finders Homes in the 2nd quarter valued at $667,000. Finally, Bank of New York Mellon Corp purchased a new stake in Dream Finders Homes in the second quarter worth $2,833,000. 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, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.