Dream Finders Homes (NASDAQ:DFH) CEO Sells $315,012.61 in Stock

Key Points

• Patrick Zalupski, CEO of Dream Finders Homes, sold 11,143 shares at an average price of $28.27, totaling over $315,000 while retaining approximately 1.9 million shares.
• The company's stock price showed a slight decline, closing at $28.13, with a market capitalization of $2.61 billion and a P/E ratio of 9.19.
• Dream Finders Homes reported a quarterly EPS of $0.57, missing estimates, despite a year-over-year revenue increase of 9%, indicating mixed performance amid rising operational activities.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick O. Zalupski sold 11,143 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $28.27, for a total value of $315,012.61. Following the completion of the transaction, the chief executive officer directly owned 1,905,909 shares of the company's stock, valued at $53,880,047.43. This represents a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dream Finders Homes Stock Down 3.2%

Shares of DFH traded down $0.91 during trading on Friday, reaching $27.52. The company's stock had a trading volume of 559,500 shares, compared to its average volume of 439,474. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 1.28 and a beta of 1.90. The company has a fifty day moving average of $27.69 and a two-hundred day moving average of $24.75. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $38.02.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly 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 return on equity of 30.18% and a net margin of 7.65%.During the same quarter in the prior year, the business posted $0.83 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eukles Asset Management bought a new stake in shares of Dream Finders Homes during the first quarter valued at approximately $34,000. Quarry LP acquired a new stake in Dream Finders Homes in the 1st quarter valued at approximately $40,000. Nisa Investment Advisors LLC raised its stake in Dream Finders Homes by 164.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company's stock valued at $45,000 after acquiring an additional 1,114 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Dream Finders Homes by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company's stock valued at $95,000 after acquiring an additional 402 shares in the last quarter. Finally, State of Wyoming acquired a new position in Dream Finders Homes during the 2nd quarter worth $123,000. 95.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.