Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 10,416 Shares of Stock

Key Points

• Patrick O. Zalupski, CEO of Dream Finders Homes, sold 10,416 shares at an average price of $28.47, totaling approximately $296,543, which is a 0.52% decrease in his ownership.
• Following the sale, Zalupski still holds nearly 2 million shares valued at over $56 million.
• Dream Finders Homes reported an EPS of $0.54 for the last quarter, falling short of analysts' expectations of $0.59, while its revenue increased by 19.6% year-over-year.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick O. Zalupski sold 10,416 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $28.47, for a total value of $296,543.52. Following the transaction, the chief executive officer owned 1,989,091 shares in the company, valued at approximately $56,629,420.77. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dream Finders Homes Stock Down 0.2%

Shares of DFH stock traded down $0.07 during trading hours on Tuesday, reaching $27.33. The company's stock had a trading volume of 244,416 shares, compared to its average volume of 462,214. The firm's 50 day simple moving average is $24.45 and its 200-day simple moving average is $23.49. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.93, a PEG 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 $39.15.

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 for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed a "neutral" rating and issued a $26.00 target price on shares of Dream Finders Homes in a report on Tuesday, May 6th.

Institutional Investors Weigh In On Dream Finders Homes

Several hedge funds have recently modified their holdings of the company. Eukles Asset Management bought a new position in Dream Finders Homes during the 1st quarter worth $34,000. Quarry LP bought a new position in Dream Finders Homes during the 1st quarter worth $40,000. KLP Kapitalforvaltning AS bought a new position in Dream Finders Homes during the 4th quarter worth $116,000. GAMMA Investing LLC raised its position in Dream Finders Homes by 907.1% during the 1st 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 bought a new position in Dream Finders Homes during the 4th quarter worth $163,000. 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.