Dream Finders Homes (NYSE:DFH) Shares Down 5.5% – Time to Sell?

Dream Finders Homes, Inc. (NYSE:DFH) traded down 5.5% on Monday. The stock traded as low as $10.16 and last traded at $10.16. Approximately 210,170 shares traded hands during trading, a decline of 70% from the average session volume of 692,735 shares. The stock had previously closed at $10.75.

Wall Street Analyst Weigh In

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

Dream Finders Homes Trading Down 1.5%

The stock has a market cap of $882.98 million, a price-to-earnings ratio of 6.81 and a beta of 1.91. The stock has a fifty day simple moving average of $13.17 and a 200-day simple moving average of $14.29.

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

Insider Transactions at Dream Finders Homes

In related news, Director Richard Beckwitt bought 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $976,500.00. Following the purchase, the director directly owned 70,000 shares in the company, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 103,000 shares of company stock worth $1,427,755 over the last 90 days. Insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in Dream Finders Homes during the first quarter worth about $54,000. Versant Capital Management Inc grew its holdings in shares of Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after purchasing an additional 1,913 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Dream Finders Homes by 1,878.0% during the first quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock valued at $133,000 after purchasing an additional 9,052 shares during the period. GAMMA Investing LLC increased its position in shares of 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 during the period. Finally, Alpine Global Management LLC bought a new stake in shares of Dream Finders Homes during the fourth quarter valued at approximately $172,000. 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 offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.

Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.