Dream Finders Homes (NASDAQ:DFH) Shares Down 5.1% – Here’s Why

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

Wall Street Analyst Weigh In

Separately, Bank of America decreased their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.

Dream Finders Homes Stock Performance

The firm’s fifty day moving average is $23.25 and its 200-day moving average is $28.49. The company has a market capitalization of $2.19 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99.

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

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the sale, the chief executive officer now owns 1,956,353 shares in the company, valued at $53,721,453.38. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 70.45% of the stock is currently owned by insiders.

Institutional Trading of Dream Finders Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in DFH. Kayne Anderson Rudnick Investment Management LLC increased its stake in Dream Finders Homes by 11.0% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dream Finders Homes by 15.2% during the fourth 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 period. Voloridge Investment Management LLC increased its position 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 valued at $5,872,000 after acquiring an additional 155,470 shares during the period. State of Wyoming increased its holdings in Dream Finders Homes by 223.6% during the 4th 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 period. Finally, Rafferty Asset Management LLC raised its holdings in shares of Dream Finders Homes by 50.5% during the fourth quarter. Rafferty Asset Management LLC now owns 18,528 shares of the company’s stock valued at $431,000 after acquiring an additional 6,216 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

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.