Insider Selling: Dream Finders Homes (NASDAQ:DFH) CEO Sells 7,443 Shares of Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick Zalupski sold 7,443 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $26.04, for a total value of $193,815.72. Following the sale, the chief executive officer owned 1,898,466 shares in the company, valued at approximately $49,436,054.64. This represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dream Finders Homes Price Performance

NASDAQ:DFH opened at $26.47 on Friday. The company has a market cap of $2.46 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.28 and a beta of 1.90. The stock’s fifty day moving average price is $27.53 and its two-hundred day moving average price is $24.86. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $35.71.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their price objective on Dream Finders Homes from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Eukles Asset Management bought a new position in Dream Finders Homes in the first quarter valued at $34,000. Quarry LP bought a new position in Dream Finders Homes in the first quarter valued at $40,000. Nisa Investment Advisors LLC increased its stake in Dream Finders Homes by 164.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Dream Finders Homes by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after acquiring an additional 402 shares during the last quarter. Finally, State of Wyoming bought a new position in Dream Finders Homes in the second quarter valued at $123,000. 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.