Dream Finders Homes (NYSE:DFH) Shares Gap Down – Should You Sell?

Dream Finders Homes, Inc. (NYSE:DFH)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $11.87, but opened at $11.42. Dream Finders Homes shares last traded at $11.8720, with a volume of 163,981 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DFH. Weiss Ratings downgraded Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, November 4th. Wall Street Zen downgraded Dream Finders Homes from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 7th. Finally, Zelman & Associates lowered shares of Dream Finders Homes from an “outperform” rating to a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Dream Finders Homes Stock Down 7.7%

The firm has a market capitalization of $1.00 billion, a PE ratio of 11.53 and a beta of 2.02. The stock’s fifty day simple moving average is $10.91 and its 200 day simple moving average is $14.44.

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

Insider Buying and Selling

In related news, Director Richard Beckwitt bought 10,000 shares of the stock in a transaction that occurred 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 transaction, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders acquired 14,000 shares of company stock valued at $173,545. 65.97% of the stock is currently owned by company insiders.

Institutional Trading of Dream Finders Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. lifted its position in shares of 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 in the last quarter. State of Wyoming bought a new position in shares of Dream Finders Homes during the 1st quarter valued at approximately $54,000. Versant Capital Management Inc increased its holdings in Dream Finders Homes by 59.4% in the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after acquiring an additional 1,913 shares in the last quarter. Fifth Third Bancorp raised its stake in 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 acquiring an additional 9,052 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Dream Finders Homes by 37.5% during the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after purchasing an additional 2,728 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.