Dream Finders Homes (NASDAQ:DFH) Sets New 12-Month Low – Here’s What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.36 and last traded at $21.49, with a volume of 83020 shares traded. The stock had previously closed at $22.44.

Analyst Upgrades and Downgrades

Separately, Bank of America cut 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 report on Monday, January 27th.

Dream Finders Homes Stock Down 5.7 %

The stock’s fifty day moving average price is $25.36 and its two-hundred day moving average price is $29.62. The company has a market capitalization of $1.98 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the transaction, the chief executive officer now owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 68,252 shares of company stock worth $2,094,199. Company insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

Hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its holdings in Dream Finders Homes by 5.5% in the second quarter. Millennium Management LLC now owns 171,638 shares of the company’s stock worth $4,432,000 after buying an additional 8,921 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dream Finders Homes by 16.2% in the second quarter. The Manufacturers Life Insurance Company now owns 14,678 shares of the company’s stock worth $379,000 after acquiring an additional 2,050 shares during the period. Sanctuary Advisors LLC purchased a new stake in Dream Finders Homes during the 2nd quarter valued at $482,000. ORG Wealth Partners LLC purchased a new stake in Dream Finders Homes during the third quarter valued at $105,000. Finally, nVerses Capital LLC lifted its stake in shares of Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $127,000 after purchasing an additional 1,600 shares during the period. 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.