Dream Finders Homes (NASDAQ:DFH) Trading Down 5.1% – Should You Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH) dropped 5.1% on Wednesday . The company traded as low as $25.09 and last traded at $24.75. Approximately 47,379 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 480,424 shares. The stock had previously closed at $26.08.

Analyst Ratings Changes

Separately, Bank of America lowered their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Dream Finders Homes Price Performance

The stock has a market cap of $2.19 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99. The stock has a 50-day moving average price of $23.25 and a two-hundred day moving average price of $28.49.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents 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 accessible through the SEC website. 70.45% of the stock is owned by insiders.

Institutional Trading of Dream Finders Homes

Several hedge funds and other institutional investors have recently bought and sold shares of DFH. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Dream Finders Homes by 11.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company’s stock worth $139,847,000 after acquiring an additional 594,592 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Dream Finders Homes by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,200 shares of the company’s stock valued at $912,000 after purchasing an additional 5,176 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Dream Finders Homes by 160.5% in the fourth quarter. Voloridge Investment Management LLC now owns 252,335 shares of the company’s stock worth $5,872,000 after buying an additional 155,470 shares in the last quarter. State of Wyoming increased its holdings in shares of Dream Finders Homes by 223.6% in the fourth quarter. State of Wyoming now owns 8,104 shares of the company’s stock valued at $189,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Dream Finders Homes by 50.5% in the 4th quarter. Rafferty Asset Management LLC now owns 18,528 shares of the company’s stock worth $431,000 after acquiring an additional 6,216 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

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.