Dream Finders Homes (NASDAQ:DFH) Shares Gap Down Following Insider Selling

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) gapped down prior to trading on Tuesday after an insider sold shares in the company. The stock had previously closed at $33.86, but opened at $33.09. Dream Finders Homes shares last traded at $31.82, with a volume of 70,257 shares.

Specifically, Director William Radford Lovett II sold 10,492 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $33.66, for a total value of $353,160.72. Following the completion of the sale, the director now directly owns 4,667,800 shares of the company’s stock, valued at $157,118,148. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Analysts Set New Price Targets

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

Dream Finders Homes Trading Up 2.3 %

The business has a 50-day moving average of $33.18 and a 200 day moving average of $30.98. The firm has a market capitalization of $2.99 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. Dream Finders Homes’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, research analysts forecast that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Hedge Funds Weigh In On Dream Finders Homes

Several institutional investors have recently bought and sold shares of DFH. Cannon Global Investment Management LLC purchased a new stake in shares of Dream Finders Homes during the first quarter worth $227,000. Norden Group LLC increased its stake in Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after acquiring an additional 309,461 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Dream Finders Homes by 926.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after buying an additional 1,103 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Dream Finders Homes during the first quarter valued at about $705,000. Finally, Naples Money Management LLC bought a new position in shares of Dream Finders Homes during the first quarter valued at about $25,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.