Dream Finders Homes (NASDAQ:DFH) Shares Down 4.3% - Here's What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares dropped 4.3% during mid-day trading on Friday . The stock traded as low as $26.33 and last traded at $25.97. Approximately 38,240 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 456,202 shares. The stock had previously closed at $27.13.

Wall Street Analyst Weigh In

Separately, Wedbush restated a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

Dream Finders Homes Stock Performance

The company has a 50 day moving average of $23.83 and a 200 day moving average of $23.24. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same period last year, the company earned $0.55 earnings per share. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 10,687 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total transaction of $293,037.54. Following the completion of the sale, the chief executive officer directly owned 1,999,507 shares of the company's stock, valued at approximately $54,826,481.94. This trade represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 68.16% of the company's stock.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Eukles Asset Management purchased a new stake in Dream Finders Homes during the first quarter worth approximately $34,000. Quarry LP purchased a new stake in Dream Finders Homes during the first quarter worth approximately $40,000. KLP Kapitalforvaltning AS purchased a new stake in Dream Finders Homes during the fourth quarter worth approximately $116,000. GAMMA Investing LLC lifted its stake in Dream Finders Homes by 907.1% during the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after purchasing an additional 5,370 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in Dream Finders Homes during the fourth quarter worth approximately $163,000. Hedge funds and other institutional investors own 95.55% of the company's stock.

About Dream Finders Homes

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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