Dream Finders Homes (NASDAQ:DFH) Shares Gap Down Following Insider Selling

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s stock price gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $33.86, but opened at $33.09. Dream Finders Homes shares last traded at $31.82, with a volume of 70,257 shares changing hands.

Specifically, Director William Radford Lovett II sold 10,492 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total value of $353,160.72. Following the transaction, the director now owns 4,667,800 shares of the company's stock, valued at approximately $157,118,148. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Separately, Bank of America boosted their target price on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th.

Dream Finders Homes Stock Down 7.4 %

The company has a market cap of $2.92 billion, a PE ratio of 10.63, a P/E/G ratio of 0.75 and a beta of 1.89. The stock's 50 day moving average is $33.13 and its 200-day moving average is $31.06.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. Dream Finders Homes's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Naples Money Management LLC bought a new position in shares of Dream Finders Homes in the first quarter worth about $25,000. Janus Henderson Group PLC grew its holdings in shares of Dream Finders Homes by 3.3% in the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company's stock worth $992,000 after purchasing an additional 728 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dream Finders Homes by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company's stock worth $304,000 after purchasing an additional 1,041 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Dream Finders Homes by 926.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company's stock worth $54,000 after purchasing an additional 1,103 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Dream Finders Homes by 4.0% in the first quarter. US Bancorp DE now owns 30,243 shares of the company's stock worth $1,323,000 after purchasing an additional 1,169 shares during the last quarter. 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.