Dream Finders Homes (NYSE:DFH) Shares Down 13% – Here’s Why

Dream Finders Homes, Inc. (NYSE:DFH) shares traded down 13% during mid-day trading on Wednesday. The company traded as low as $7.93 and last traded at $8.0250. Approximately 867,774 shares traded hands during trading, an increase of 22% from the average session volume of 711,913 shares. The stock had previously closed at $9.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Dream Finders Homes has an average rating of “Hold”.

Dream Finders Homes Price Performance

The company has a market capitalization of $697.76 million, a P/E ratio of 5.42 and a beta of 1.91. The firm has a fifty day moving average price of $12.73 and a 200-day moving average price of $14.12.

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

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt bought 70,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $13.95 per share, with a total value of $976,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at $976,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new position in shares of Dream Finders Homes during the 2nd quarter valued at approximately $667,000. Bank of New York Mellon Corp bought a new stake in shares of Dream Finders Homes in the 2nd quarter worth approximately $2,833,000. Handelsbanken Fonder AB raised its holdings in shares of Dream Finders Homes by 87.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company’s stock worth $459,000 after purchasing an additional 12,400 shares during the period. GAMMA Investing LLC lifted its stake in Dream Finders Homes by 37.5% in the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Dream Finders Homes by 59.4% in the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after purchasing an additional 1,913 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

About Dream Finders Homes

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.