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

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price traded up 7.4% during mid-day trading on Friday . The stock traded as high as $35.03 and last traded at $35.03. 164,754 shares traded hands during 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 Up 5.2 %

The stock has a fifty day simple moving average of $30.07 and a 200-day simple moving average of $32.00. The company has a market capitalization of $3.20 billion, a P/E ratio of 11.63, a PEG ratio of 0.68 and a beta of 1.89.

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

Insider Buying and Selling

In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of Dream Finders Homes stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $31.15, for a total value of $771,710.10. Following the completion of the transaction, the director now owns 4,941,109 shares in the company, valued at approximately $153,915,545.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dream Finders Homes news, Director William Radford Lovett II sold 24,774 shares of the firm’s stock in a transaction dated 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 owns 4,941,109 shares in the company, valued at approximately $153,915,545.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick O. Zalupski sold 54,665 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the transaction, the chief executive officer now owns 1,056,618 shares in the company, valued at $35,312,173.56. The disclosure for this sale can be found here. Insiders have sold a total of 207,417 shares of company stock worth $6,452,921 in the last three months. Insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Several large investors have recently made changes to their positions in the company. Norden Group LLC lifted its position in Dream Finders Homes by 2,580.6% during the 1st quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after purchasing an additional 309,461 shares during the period. Cooke & Bieler LP lifted its holdings in Dream Finders Homes by 17.5% in the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after buying an additional 277,499 shares during the period. Hennessy Advisors Inc. acquired a new stake in Dream Finders Homes during the 2nd quarter worth $5,058,000. Great Lakes Advisors LLC bought a new stake in shares of Dream Finders Homes during the 4th quarter valued at $6,826,000. Finally, Axiom Investors LLC DE bought a new position in shares of Dream Finders Homes in the 4th quarter worth $6,718,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

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.