Dream Finders Homes (NYSE:DFH) Reaches New 52-Week Low – Time to Sell?

Dream Finders Homes, Inc. (NYSE:DFH) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $9.73 and last traded at $9.8630, with a volume of 1533857 shares. The stock had previously closed at $10.75.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Stock Performance

The company’s 50 day simple moving average is $13.05 and its 200 day simple moving average is $14.26. The stock has a market cap of $862.29 million, a PE ratio of 6.65 and a beta of 1.91.

Dream Finders Homes (NYSE:DFH) last announced its earnings results on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.

Insiders Place Their Bets

In other Dream Finders Homes news, Director Richard Beckwitt acquired 70,000 shares of Dream Finders Homes stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $13.95 per share, for a total transaction of $976,500.00. Following the purchase, the director directly owned 70,000 shares of the company’s stock, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired a total of 103,000 shares of company stock valued at $1,427,755 over the last 90 days. 65.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Dream Finders Homes by 19.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after buying an additional 234,899 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Dream Finders Homes in the first quarter valued at about $4,800,000. Janus Henderson Group PLC grew its position in shares of Dream Finders Homes by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after acquiring an additional 92,691 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Dream Finders Homes during the 2nd quarter valued at approximately $2,833,000. Finally, Bank of America Corp DE increased its stake in shares of Dream Finders Homes by 51.5% during the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock worth $2,034,000 after purchasing an additional 49,694 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.

Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.