Dream Finders Homes (NASDAQ:DFH) CEO Sells $305,948.80 in Stock

Key Points

• Patrick Zalupski, CEO of Dream Finders Homes, sold 10,720 shares at an average price of $28.54, totaling approximately $305,948.80, which decreased his ownership by 0.56% to 1,917,052 shares.
• Dream Finders Homes reported quarterly earnings of $0.57 per share, missing analysts' expectations of $0.65, while achieving a 9% increase in revenue year-over-year.
• Current trading of Dream Finders Homes stock is around $28.13, with a market capitalization of $2.61 billion and a P/E ratio of 9.19.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick O. Zalupski sold 10,720 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $28.54, for a total transaction of $305,948.80. Following the sale, the chief executive officer directly owned 1,917,052 shares of the company's stock, valued at approximately $54,712,664.08. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dream Finders Homes Trading Down 3.2%

Shares of Dream Finders Homes stock traded down $0.91 on Friday, reaching $27.52. 559,500 shares of the company were exchanged, compared to its average volume of 439,474. The stock has a fifty day moving average price of $27.69 and a 200-day moving average price of $24.75. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $38.02.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. On average, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price objective on shares of Dream Finders Homes from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after purchasing an additional 594,592 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Dream Finders Homes during the 2nd quarter valued at about $12,388,000. Cooke & Bieler LP lifted its holdings in Dream Finders Homes by 12.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company's stock worth $61,810,000 after purchasing an additional 280,510 shares during the last quarter. Elgethun Capital Management grew its holdings in Dream Finders Homes by 145.3% during the second quarter. Elgethun Capital Management now owns 454,112 shares of the company's stock valued at $11,412,000 after purchasing an additional 269,024 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of Dream Finders Homes by 160.5% in the fourth quarter. Voloridge Investment Management LLC now owns 252,335 shares of the company's stock valued at $5,872,000 after purchasing an additional 155,470 shares during the period. Institutional investors and hedge funds 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.