Insider Buying: Dream Finders Homes (NYSE:DFH) Director Purchases 1,000 Shares of Company Stock

Key Points

• Director Len Sturm bought 1,000 Dream Finders Homes shares at an average $10.53 each, spending $10,530. The purchase increased his direct stake by 3.25% to 31,728 shares.
• DFH shares traded at $12.40, down 0.5% on Friday. The company reported quarterly EPS of $0.22 and revenue of approximately $996 million.
• Analyst sentiment is mixed: MarketBeat’s consensus rating is Hold, with one Strong Buy, three Holds and two Sells; Weiss Ratings recently lowered its rating to Sell.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) Director Len Sturm purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average cost of $10.53 per share, with a total value of $10,530.00. Following the acquisition, the director directly owned 31,728 shares in the company, valued at $334,095.84. This trade represents a 3.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Len Sturm also recently made the following trade(s):

• On Thursday, September 3rd, Len Sturm acquired 1,500 shares of Dream Finders Homes stock. The shares were acquired at an average cost of $13.47 per share, for a total transaction of $20,205.00.
• On Wednesday, August 26th, Len Sturm bought 1,000 shares of Dream Finders Homes stock. The shares were acquired at an average price of $14.72 per share, for a total transaction of $14,720.00.
• On Monday, August 24th, Len Sturm bought 250 shares of Dream Finders Homes stock. The stock was acquired at an average cost of $14.75 per share, with a total value of $3,687.50.
• On Friday, August 21st, Len Sturm purchased 250 shares of Dream Finders Homes stock. The stock was acquired at an average price of $14.81 per share, with a total value of $3,702.50.

Dream Finders Homes Trading Down 0.5%

Shares of NYSE DFH traded down $0.06 during mid-day trading on Friday, reaching $12.40. 1,037,511 shares of the company's stock were exchanged, compared to its average volume of 817,126. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 12.92 and a beta of 2.02. The business has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $14.61. Dream Finders Homes, Inc. has a twelve month low of $7.30 and a twelve month high of $21.55.

Dream Finders Homes (NYSE:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. Dream Finders Homes had a return on equity of 8.87% and a net margin of 2.56%. The business had revenue of $996.05 million during the quarter.

Institutional Investors Weigh In On Dream Finders Homes

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Dream Finders Homes by 19.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company's stock valued at $20,173,000 after purchasing an additional 234,899 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Dream Finders Homes during the 2nd quarter worth approximately $2,833,000. Janus Henderson Group PLC boosted its holdings in shares of Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company's stock valued at $26,125,000 after buying an additional 92,691 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Dream Finders Homes by 51.5% in the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company's stock valued at $2,034,000 after buying an additional 49,694 shares during the last quarter. Finally, Integrity Alliance LLC. acquired a new stake in shares of Dream Finders Homes in the 3rd quarter valued at approximately $466,000. Institutional investors own 95.55% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Dream Finders Homes from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dream Finders Homes currently has an average rating of "Hold".

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.

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