Insider Selling: Dream Finders Homes (NASDAQ:DFH) CEO Sells 7,443 Shares of Stock

Key Points

• Patrick Zalupski, CEO of Dream Finders Homes, sold 7,443 shares of stock for approximately $193,815, representing a 0.39% decrease in his ownership.
• The company's shares closed at $26.47, with a market cap of $2.46 billion and a 50-day moving average of $27.55.
• Dream Finders Homes reported an EPS of $0.57, missing the expected consensus estimate by ($0.08), with a quarterly revenue increase of 9.0% year-over-year.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) CEO Patrick Zalupski sold 7,443 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $26.04, for a total value of $193,815.72. Following the transaction, the chief executive officer directly owned 1,898,466 shares of the company's stock, valued at $49,436,054.64. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH traded up $0.41 during trading on Friday, hitting $26.47. The company had a trading volume of 215,146 shares, compared to its average volume of 430,012. The business's 50-day moving average is $27.55 and its 200 day moving average is $24.85. The company has a market cap of $2.46 billion, a P/E ratio of 8.65, a PEG ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $35.71.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.