Dream Finders Homes (NASDAQ:DFH) Shares Up 7.5% – Here’s Why

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) shot up 7.5% during mid-day trading on Friday . The company traded as high as $30.95 and last traded at $30.85. 454,563 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 444,043 shares. The stock had previously closed at $28.70.

Dream Finders Homes Price Performance

The company has a market capitalization of $2.88 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.28 and a beta of 1.90. The stock’s 50 day moving average is $27.25 and its 200-day moving average is $24.34.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.During the same quarter in the prior year, the company earned $0.83 earnings per share. Dream Finders Homes’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 11,567 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $28.86, for a total value of $333,823.62. Following the completion of the transaction, the chief executive officer directly owned 1,927,772 shares of the company’s stock, valued at $55,635,499.92. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 82,167 shares of company stock valued at $2,268,057 over the last ninety days. 68.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

Institutional investors and hedge funds have recently made changes to their positions in the business. Eukles Asset Management bought a new position in shares of Dream Finders Homes during the first quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Dream Finders Homes during the first quarter valued at approximately $40,000. Nisa Investment Advisors LLC increased its stake in shares of Dream Finders Homes by 164.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Dream Finders Homes by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after purchasing an additional 402 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Dream Finders Homes during the second quarter valued at approximately $123,000. 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.