Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells $991,404.14 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 31,919 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.06, for a total transaction of $991,404.14. Following the completion of the sale, the chief executive officer now directly owns 725,000 shares of the company’s stock, valued at $22,518,500. This represents a 4.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Dream Finders Homes Price Performance

DFH opened at $28.64 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a 52 week low of $23.46 and a 52 week high of $44.38. The business has a fifty day simple moving average of $33.19 and a 200-day simple moving average of $30.43.

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

Wall Street Analyst Weigh In

Separately, Bank of America boosted their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cooke & Bieler LP lifted its stake in Dream Finders Homes by 17.5% during the second 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 last quarter. Hennessy Advisors Inc. acquired a new stake in Dream Finders Homes during the 2nd quarter worth $5,058,000. Dimensional Fund Advisors LP raised its stake in Dream Finders Homes by 55.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dream Finders Homes by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after acquiring an additional 125,800 shares during the period. Finally, Bretton Capital Management LLC purchased a new position in shares of Dream Finders Homes in the 3rd quarter valued at approximately $4,508,000. 95.55% of the stock is owned by institutional investors and hedge funds.

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.