Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 16,987 Shares of Stock

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick O. Zalupski sold 16,987 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $33.09, for a total transaction of $562,099.83. Following the sale, the chief executive officer now directly owns 877,341 shares of the company's stock, valued at approximately $29,031,213.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Dream Finders Homes Trading Up 1.9 %

Shares of DFH traded up $0.62 during midday trading on Friday, reaching $32.74. 249,311 shares of the company were exchanged, compared to its average volume of 421,770. Dream Finders Homes, Inc. has a 1-year low of $18.29 and a 1-year high of $44.38. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.75 and a beta of 1.89. The stock has a 50-day moving average price of $32.22 and a 200-day moving average price of $31.65.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Azzad Asset Management Inc. ADV lifted its stake in shares of Dream Finders Homes by 27.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 21,842 shares of the company's stock worth $791,000 after acquiring an additional 4,721 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Dream Finders Homes during the 2nd quarter worth approximately $482,000. The Manufacturers Life Insurance Company boosted its stake in shares of Dream Finders Homes by 16.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,678 shares of the company's stock valued at $379,000 after buying an additional 2,050 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Dream Finders Homes by 5.5% during the 2nd quarter. Millennium Management LLC now owns 171,638 shares of the company's stock valued at $4,432,000 after buying an additional 8,921 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its position in shares of Dream Finders Homes by 42.5% during the second quarter. Dark Forest Capital Management LP now owns 21,302 shares of the company's stock worth $550,000 after buying an additional 6,352 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other 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.

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