Insider Buying: Dream Finders Homes (NYSE:DFH) Director Buys $120,700.00 in Stock

Dream Finders Homes, Inc. (NYSE:DFH) Director Richard Beckwitt acquired 10,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were bought at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at approximately $1,207,000. This represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Richard Beckwitt also recently made the following trade(s):

• On Thursday, August 13th, Richard Beckwitt acquired 12,000 shares of Dream Finders Homes stock. The shares were bought at an average price of $14.80 per share, with a total value of $177,600.00.
• On Wednesday, August 12th, Richard Beckwitt bought 8,000 shares of Dream Finders Homes stock. The stock was purchased at an average cost of $13.83 per share, with a total value of $110,640.00.
• On Tuesday, August 11th, Richard Beckwitt bought 70,000 shares of Dream Finders Homes stock. The shares were purchased at an average price of $13.95 per share, for a total transaction of $976,500.00.

Dream Finders Homes Price Performance

Shares of NYSE:DFH opened at $11.94 on Thursday. Dream Finders Homes, Inc. has a 1-year low of $11.76 and a 1-year high of $30.34. The company has a market capitalization of $1.08 billion, a P/E ratio of 8.35 and a beta of 1.91. The firm’s 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $14.80.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Cooke & Bieler LP lifted its holdings in shares of Dream Finders Homes by 0.7% in the fourth quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock worth $42,529,000 after buying an additional 16,946 shares in the last quarter. Janus Henderson Group PLC grew its stake in Dream Finders Homes by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after acquiring an additional 92,691 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dream Finders Homes by 19.3% during the first 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 increased 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 valued at $8,465,000 after acquiring an additional 37,450 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Dream Finders Homes in the 1st quarter valued at $4,800,000. 95.55% of the stock is currently owned by institutional investors.

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.