Dream Finders Homes (NASDAQ:DFH) Trading 7.4% Higher

Dream Finders Homes, Inc. (NASDAQ:DFH)’s stock price shot up 7.4% on Friday . The company traded as high as $35.03 and last traded at $35.03. 164,754 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 426,916 shares. The stock had previously closed at $32.61.

Dream Finders Homes Stock Performance

The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.68 and a beta of 1.89. The business’s 50-day moving average is $30.07 and its two-hundred day moving average is $32.00.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Insider Activity

In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total transaction of $771,710.10. Following the sale, the director now directly owns 4,941,109 shares in the company, valued at approximately $153,915,545.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick O. Zalupski sold 6,581 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the transaction, the chief executive officer now directly owns 1,209,478 shares of the company’s stock, valued at $30,454,656.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Radford Lovett II sold 24,774 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total value of $771,710.10. Following the completion of the sale, the director now directly owns 4,941,109 shares in the company, valued at approximately $153,915,545.35. The disclosure for this sale can be found here. Insiders have sold 207,417 shares of company stock worth $6,452,921 in the last 90 days. Corporate insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds have recently made changes to their positions in DFH. Norden Group LLC boosted its holdings in Dream Finders Homes by 2,580.6% during the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after purchasing an additional 309,461 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of Dream Finders Homes by 17.5% during the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after buying an additional 277,499 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of Dream Finders Homes during the 2nd quarter worth about $5,058,000. Great Lakes Advisors LLC acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at about $6,826,000. Finally, Axiom Investors LLC DE bought a new stake in Dream Finders Homes during the fourth quarter worth about $6,718,000. 95.55% of the stock is owned by institutional investors.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.