Dream Finders Homes (NYSE:DFH) Sets New 52-Week Low – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.70 and last traded at $11.74, with a volume of 1056169 shares traded. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Dream Finders Homes currently has an average rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Stock Performance

The firm has a 50 day moving average of $14.46 and a 200-day moving average of $14.80. The stock has a market capitalization of $1.06 billion, a PE ratio of 8.20 and a beta of 1.91.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%. The business had revenue of $1.06 billion during the quarter.

Insider Buying and Selling at Dream Finders Homes

In other news, Director Richard Beckwitt acquired 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $13.95 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 103,000 shares of company stock valued at $1,427,755 over the last 90 days. Corporate insiders own 65.97% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in the company. Cooke & Bieler LP lifted its stake in shares of Dream Finders Homes by 0.7% in the 4th quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock valued at $42,529,000 after purchasing an additional 16,946 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Dream Finders Homes by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock worth $26,125,000 after acquiring an additional 92,691 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 19.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock valued at $20,173,000 after acquiring an additional 234,899 shares in the last quarter. Elgethun Capital Management lifted its holdings in Dream Finders Homes by 8.2% in the 4th quarter. Elgethun Capital Management now owns 495,037 shares of the company’s stock worth $8,465,000 after purchasing an additional 37,450 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Dream Finders Homes during the first quarter valued at approximately $4,800,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.

In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.

The company was founded in 2008 and is headquartered in Jacksonville, Florida.