Dream Finders Homes (NYSE:DFH) Shares Gap Up – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH) gapped up prior to trading on Thursday. The stock had previously closed at $7.42, but opened at $7.82. Dream Finders Homes shares last traded at $8.4610, with a volume of 406,935 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Dream Finders Homes Stock Up 12.5%

The company has a market cap of $757.51 million, a price-to-earnings ratio of 5.86 and a beta of 1.91. The firm has a 50-day simple moving average of $12.58 and a 200 day simple moving average of $14.07.

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

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt purchased 70,000 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $13.95 per share, for a total transaction of $976,500.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have acquired 103,000 shares of company stock valued at $1,427,755. Insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in Dream Finders Homes by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after purchasing an additional 92,691 shares during the period. Dimensional Fund Advisors LP increased its position in 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 during the period. Elevation Point Wealth Partners LLC acquired a new position in Dream Finders Homes in the 1st quarter valued at about $4,800,000. Bank of New York Mellon Corp acquired a new position in Dream Finders Homes in the 2nd quarter valued at about $2,833,000. Finally, Bank of America Corp DE increased its position in Dream Finders Homes by 51.5% in the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock valued at $2,034,000 after acquiring an additional 49,694 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

About Dream Finders Homes

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.