Dream Finders Homes (NYSE:DFH) Shares Gap Up – Here’s Why

Dream Finders Homes, Inc. (NYSE:DFH – Get Free Report)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $7.42, but opened at $7.82. Dream Finders Homes shares last traded at $8.4610, with a volume of 406,935 shares trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on DFH

Dream Finders Homes Stock Up 12.5%

The firm has a market capitalization of $757.51 million, a price-to-earnings ratio of 5.86 and a beta of 1.91. The stock has a 50-day moving average price of $12.58 and a 200 day moving average price of $14.07.

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

Insiders Place Their Bets

In other Dream Finders Homes news, Director Richard Beckwitt purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. This represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 103,000 shares of company stock valued at $1,427,755 in the last 90 days. 65.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DFH. State of Wyoming acquired a new stake in Dream Finders Homes during the first quarter worth approximately $54,000. Versant Capital Management Inc lifted 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 worth $89,000 after buying an additional 1,913 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Dream Finders Homes by 1,878.0% during the 1st quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock worth $133,000 after buying an additional 9,052 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dream Finders Homes by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after buying an additional 2,728 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at $172,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

(Get Free Report)

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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