Dream Finders Homes (NYSE:DFH) Stock Price Down 5.2% – What’s Next?

Dream Finders Homes, Inc. (NYSE:DFH)’s share price was down 5.2% during trading on Tuesday. The company traded as low as $10.33 and last traded at $10.38. 124,553 shares changed hands during trading, a decline of 84% from the average session volume of 797,194 shares. The stock had previously closed at $10.95.

Wall Street Analyst Weigh In

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

Dream Finders Homes Price Performance

The firm’s fifty day moving average price is $11.30 and its two-hundred day moving average price is $14.74. The stock has a market cap of $916.73 million, a P/E ratio of 10.53 and a beta of 1.91.

Dream Finders Homes (NYSE:DFH) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.22 EPS for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%. The company had revenue of $996.05 million during the quarter.

Insider Activity

In other news, Director Richard Beckwitt acquired 70,000 shares of Dream Finders Homes stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $13.95 per share, for a total transaction of $976,500.00. Following the transaction, the director 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders bought 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors have recently made changes to their positions in DFH. Integrity Alliance LLC. bought a new position in shares of Dream Finders Homes in the third quarter worth approximately $466,000. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Dream Finders Homes by 193.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock valued at $33,000 after purchasing an additional 2,043 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Dream Finders Homes during the 2nd quarter valued at $667,000. Bank of New York Mellon Corp purchased a new stake in Dream Finders Homes in the second quarter worth about $2,833,000. Finally, Handelsbanken Fonder AB raised its stake in Dream Finders Homes by 87.3% during the second quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company’s stock valued at $459,000 after buying an additional 12,400 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.