Insider Selling: Dream Finders Homes (NASDAQ:DFH) CEO Sells 6,794 Shares of Stock

Key Points

• Dream Finders Homes' CEO Patrick Zalupski sold 6,794 shares of stock at an average price of $25.93, totaling approximately $176,168, which decreases his ownership by 0.36%.
• The company's stock traded up 1.6% to $26.47, with a market capitalization of $2.46 billion and a PE ratio of 8.65.
• Bank of America raised the price target for Dream Finders Homes from $27.00 to $30.00, maintaining a "neutral" rating based on an average target price of $28.00 by analysts.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick Zalupski sold 6,794 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $25.93, for a total transaction of $176,168.42. Following the completion of the transaction, the chief executive officer directly owned 1,891,672 shares of the company's stock, valued at approximately $49,051,054.96. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dream Finders Homes Stock Up 1.6%

Shares of NASDAQ DFH traded up $0.41 during mid-day trading on Friday, reaching $26.47. 215,146 shares of the company were exchanged, compared to its average volume of 430,012. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $35.71. The stock has a market capitalization of $2.46 billion, a PE ratio of 8.65, a PEG ratio of 1.28 and a beta of 1.90. The company's 50 day moving average price is $27.55 and its 200 day moving average price is $24.85.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same quarter in the previous year, the firm posted $0.83 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Bank of America boosted their price target on Dream Finders Homes from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Finders Homes has an average rating of "Hold" and an average target price of $28.00.

Institutional Investors Weigh In On Dream Finders Homes

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of Dream Finders Homes during the second quarter valued at approximately $12,388,000. Cooke & Bieler LP increased its holdings 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 acquiring an additional 280,510 shares during the last quarter. Elgethun Capital Management lifted its stake in Dream Finders Homes by 145.3% in the 2nd quarter. Elgethun Capital Management now owns 454,112 shares of the company's stock worth $11,412,000 after purchasing an additional 269,024 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dream Finders Homes by 22,620.1% during the 1st quarter. GAMMA Investing LLC now owns 134,503 shares of the company's stock valued at $3,034,000 after purchasing an additional 133,911 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Dream Finders Homes during the 1st quarter valued at about $2,935,000. 95.55% of the stock is owned by hedge funds and other 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.

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