Insider Selling: 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 stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.06, for a total value of $991,404.14. Following the completion of the sale, the chief executive officer now owns 725,000 shares in the company, valued at $22,518,500. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dream Finders Homes Price Performance

Shares of NASDAQ:DFH opened at $28.11 on Friday. The company’s fifty day moving average price is $33.12 and its 200-day moving average price is $30.36. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 0.69 and a beta of 1.93. Dream Finders Homes, Inc. has a one year low of $23.46 and a one year high of $44.38.

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 the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Dream Finders Homes

A number of hedge funds have recently bought and sold shares of the company. Vestcor Inc purchased a new position in shares of Dream Finders Homes during the third quarter worth approximately $645,000. Barclays PLC lifted its holdings in Dream Finders Homes by 45.2% in the 3rd quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after buying an additional 28,764 shares during the period. Quadrature Capital Ltd purchased a new stake in Dream Finders Homes in the 3rd quarter worth approximately $260,000. Janus Henderson Group PLC lifted its stake in Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock worth $24,974,000 after acquiring an additional 663,180 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in Dream Finders Homes in the third quarter worth $234,000. Institutional investors own 95.55% of the company’s stock.

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.