Dream Finders Homes (NASDAQ:DFH) Hits New 12-Month Low After Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH) shares hit a new 52-week low on Friday following insider selling activity. The company traded as low as $22.95 and last traded at $23.70, with a volume of 1607656 shares. The stock had previously closed at $25.38.

Specifically, CEO Patrick O. Zalupski sold 18,214 shares of Dream Finders Homes stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now directly owns 1,956,353 shares in the company, valued at $53,721,453.38. The trade was 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 the SEC website.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Performance

The firm has a market capitalization of $2.22 billion, a P/E ratio of 7.75, 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 $31.05 and a two-hundred day moving average price of $30.40.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. Equities research analysts forecast that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DFH. Cooke & Bieler LP boosted its stake in Dream Finders Homes by 17.5% in the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after purchasing an additional 277,499 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Dream Finders Homes by 2,502.1% in the third 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 boosted its position in shares of Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after buying an additional 39,130 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after buying an additional 150,026 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after buying an additional 125,800 shares during the period. 95.55% of the stock is 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.