Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 9,980 Shares of Stock

Key Points

• Dream Finders Homes CEO Patrick O. Zalupski sold 9,980 shares at an average price of $25.62, totaling approximately $255,688, resulting in a 0.50% decrease in his ownership.
• The company's stock price declined to $28.07 while trading, lower than its 52-week high of $39.15.
• Despite a 9.0% year-over-year revenue increase, Dream Finders Homes reported earnings per share of $0.57, missing estimates by $0.08.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick O. Zalupski sold 9,980 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $25.62, for a total value of $255,687.60. Following the completion of the transaction, the chief executive officer owned 1,968,695 shares of the company's stock, valued at approximately $50,437,965.90. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dream Finders Homes Stock Up 1.1%

Shares of NASDAQ DFH traded up $0.30 during midday trading on Monday, hitting $28.30. 35,742 shares of the company's stock were exchanged, compared to its average volume of 454,463. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The company's 50 day moving average price is $25.78 and its 200 day moving average price is $23.70. The firm has a market capitalization of $2.63 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same period in the prior year, the company earned $0.83 EPS. The company's revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in 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 period. Cooke & Bieler LP boosted its stake 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 valued at $61,810,000 after purchasing an additional 280,510 shares during the period. Janus Henderson Group PLC boosted its stake in Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after purchasing an additional 1,375,305 shares during the period. Fenimore Asset Management Inc boosted its stake in Dream Finders Homes by 3.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 688,292 shares of the company's stock valued at $17,297,000 after purchasing an additional 22,871 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Dream Finders Homes by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 685,435 shares of the company's stock valued at $17,226,000 after purchasing an additional 46,538 shares during the period. 95.55% of the stock is currently owned by institutional investors.

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.