Dream Finders Homes (NYSE:DFH) Stock Falls 5.2% – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH)’s share price traded down 5.2% during mid-day trading on Tuesday. The stock traded as low as $10.33 and last traded at $10.38. 124,553 shares traded hands during trading, a decline of 84% from the average daily volume of 797,194 shares. The stock had previously closed at $10.95.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Dream Finders Homes Stock Down 2.8%

The company’s 50-day moving average is $11.11 and its two-hundred day moving average is $14.61. The company has a market capitalization of $1.13 billion, a P/E ratio of 12.97 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH) last announced its earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%. The company had revenue of $996.05 million during the quarter.

Insider Buying and Selling

In other Dream Finders Homes news, Director Richard Beckwitt purchased 70,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $13.95 per share, with a total value of $976,500.00. Following the completion of the purchase, the director directly owned 70,000 shares of the company’s stock, valued at approximately $976,500. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have acquired 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is owned by company insiders.

Institutional Trading of Dream Finders Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fulcrum Asset Management LLP grew its holdings in shares of Dream Finders Homes by 16,803.0% in the third quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company’s stock worth $123,000 after purchasing an additional 11,090 shares during the last quarter. Integrity Alliance LLC. purchased a new position in shares of Dream Finders Homes in the third quarter worth $466,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Dream Finders Homes by 193.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock valued at $33,000 after buying an additional 2,043 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Dream Finders Homes during the 2nd quarter valued at $667,000. Finally, Bank of New York Mellon Corp bought a new stake in Dream Finders Homes during the 2nd quarter valued at $2,833,000. Institutional investors own 95.55% of the company’s stock.

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.