Dream Finders Homes (NYSE:DFH) Reaches New 1-Year Low – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFH)’s share price reached a new 52-week low on Monday. The stock traded as low as $9.10 and last traded at $9.15, with a volume of 32,548 shares changing hands. The stock had previously closed at $9.38.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Performance

The stock has a market capitalization of $837.93 million, a P/E ratio of 6.46 and a beta of 1.91. The firm has a 50-day moving average price of $12.73 and a 200 day moving average price of $14.12.

Dream Finders Homes (NYSE:DFH) last announced 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 for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.

Insider Buying and Selling

In other Dream Finders Homes news, Director Richard Beckwitt purchased 70,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $13.95 per share, with a total value of $976,500.00. Following the completion of the purchase, the director owned 70,000 shares of the company’s stock, valued at $976,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 103,000 shares of company stock worth $1,427,755 in the last quarter. 65.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dream Finders Homes

Institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in 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 valued at $26,125,000 after acquiring an additional 92,691 shares during the period. Dimensional Fund Advisors LP grew its position in Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after acquiring an additional 234,899 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Dream Finders Homes during the 1st quarter worth approximately $4,800,000. Bank of New York Mellon Corp purchased a new position in Dream Finders Homes in the 2nd quarter worth approximately $2,833,000. Finally, Bank of America Corp DE increased its stake 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 worth $2,034,000 after purchasing an additional 49,694 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.