Shares of Dream Finders Homes, Inc. (NYSE:DFH – Get Free Report) shot up 14% during mid-day trading on Wednesday. The company traded as high as $11.93 and last traded at $11.5110. Approximately 132,470 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 798,883 shares. The stock had previously closed at $10.10.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Report on DFH
Dream Finders Homes Stock Performance
The stock has a market cap of $1.14 billion, a PE ratio of 13.04 and a beta of 2.02. The company’s 50-day moving average price is $11.21 and its 200 day moving average price is $14.69.
Dream Finders Homes (NYSE:DFH – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $996.05 million during the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%.
Insiders Place Their Bets
In related news, Director Richard Beckwitt purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost 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 $1,207,000. The trade was a 11.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 103,000 shares of company stock worth $1,427,755 in the last three months. 65.97% of the stock is owned by insiders.
Institutional Trading of Dream Finders Homes
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after purchasing an additional 234,899 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after purchasing an additional 92,691 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Dream Finders Homes in the second quarter valued at about $2,833,000. Bank of America Corp DE boosted its holdings in Dream Finders Homes by 51.5% during the first quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock worth $2,034,000 after buying an additional 49,694 shares in the last quarter. Finally, AMG National Trust Bank purchased a new stake in Dream Finders Homes during the first quarter worth about $594,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
Dream Finders Homes Company Profile
Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.
Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.
In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.
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