Dolphin Entertainment (NASDAQ:DLPN) Shares Down 0.6%

Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares dropped 0.6% during trading on Wednesday . The company traded as low as $0.80 and last traded at $0.82. Approximately 18,118 shares were traded during trading, a decline of 78% from the average daily volume of 82,150 shares. The stock had previously closed at $0.83.

Dolphin Entertainment Price Performance

The stock has a market capitalization of $15.53 million, a P/E ratio of -0.57 and a beta of 1.97. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $15.24 million for the quarter. Dolphin Entertainment had a negative return on equity of 68.29% and a negative net margin of 44.87%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Hohimer Wealth Management LLC acquired a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned 3.31% of Dolphin Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 8.87% of the company’s stock.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.