Dream Finders Homes (NYSE:DFH) Reaches New 52-Week Low - Time to Sell?

Key Points

• Dream Finders Homes shares fell to a new 52-week low of $9.10, down 1.6%, with the stock trading well below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: Weiss Ratings reiterated a “sell (d+)” rating, while MarketBeat reports a consensus “Hold” rating from six analysts.
• The company reported quarterly earnings of $0.27 per share on $1.06 billion in revenue, while insiders have purchased 103,000 shares over the past 90 days; institutional investors own 95.55% of the stock.

Shares of Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) hit a new 52-week low during trading on Monday. The company traded as low as $9.10 and last traded at $9.15, with a volume of 32,548 shares. The stock had previously closed at $9.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Dream Finders Homes presently has a consensus rating of "Hold".

Dream Finders Homes Stock Down 1.6%

The company has a market cap of $837.35 million, a P/E ratio of 6.46 and a beta of 1.91. The company has a fifty day moving average of $12.91 and a 200 day moving average of $14.19.

Dream Finders Homes (NYSE:DFH - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt acquired 10,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the purchase, the director directly owned 100,000 shares of the company's stock, valued at approximately $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 103,000 shares of company stock worth $1,427,755. 65.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new stake in Dream Finders Homes during the second quarter valued at approximately $667,000. Bank of New York Mellon Corp purchased a new position in shares of Dream Finders Homes during the 2nd quarter worth $2,833,000. Handelsbanken Fonder AB boosted its stake in shares of Dream Finders Homes by 87.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company's stock worth $459,000 after acquiring an additional 12,400 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Dream Finders Homes by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company's stock worth $173,000 after acquiring an additional 2,728 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock valued at $89,000 after acquiring an additional 1,913 shares during the period. Hedge funds and other institutional investors own 95.55% of the company's stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.

Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.

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