Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells $1,857,110.52 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 59,106 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now owns 801,105 shares of the company’s stock, valued at $25,170,719.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dream Finders Homes Stock Down 1.6 %

Shares of NASDAQ:DFH opened at $32.01 on Friday. Dream Finders Homes, Inc. has a 52-week low of $18.29 and a 52-week high of $44.38. The stock has a market cap of $2.99 billion, a P/E ratio of 10.85, a PEG ratio of 0.75 and a beta of 1.89. The business has a fifty day moving average of $33.38 and a two-hundred day moving average of $30.86.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. Dream Finders Homes’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current year.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds have recently bought and sold shares of the company. Naples Money Management LLC acquired a new position in shares of Dream Finders Homes in the first quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Dream Finders Homes by 926.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after acquiring an additional 1,103 shares in the last quarter. nVerses Capital LLC increased its position in shares of Dream Finders Homes by 1,800.0% during the second quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $49,000 after acquiring an additional 1,800 shares during the period. ORG Partners LLC acquired a new stake in shares of Dream Finders Homes in the second quarter valued at $68,000. Finally, ORG Wealth Partners LLC purchased a new position in Dream Finders Homes in the third quarter valued at $105,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their price objective on shares of 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 Company Profile

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.