Dream Finders Homes (NYSE:DFH) Shares Gap Down – What’s Next?

Dream Finders Homes, Inc. (NYSE:DFH) shares gapped down before the market opened on Wednesday. The stock had previously closed at $11.87, but opened at $11.42. Dream Finders Homes shares last traded at $11.8720, with a volume of 163,981 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wall Street Zen cut Dream Finders Homes from a “sell” rating to a “strong sell” rating in a report on Saturday. Weiss Ratings lowered Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Dream Finders Homes Price Performance

The stock’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $14.51. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.04 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. Dream Finders Homes had a return on equity of 8.87% and a net margin of 2.56%. The business had revenue of $996.05 million for the quarter.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $12.07 per share, with a total value of $120,700.00. Following the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at $1,207,000. This represents a 11.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 26,000 shares of company stock worth $351,145 over the last quarter. Insiders own 65.97% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of Dream Finders Homes by 5.2% in the first 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dream Finders Homes by 19.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock valued at $20,173,000 after acquiring an additional 234,899 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Dream Finders Homes during the 2nd quarter valued at about $2,833,000. Bank of America Corp DE boosted its position 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 valued at $2,034,000 after purchasing an additional 49,694 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Dream Finders Homes by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 139,944 shares of the company’s stock worth $1,948,000 after purchasing an additional 2,899 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.