William Iv O’dowd Buys 25,000 Shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd acquired 25,000 shares of Dolphin Entertainment stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average cost of $0.70 per share, for a total transaction of $17,500.00. Following the completion of the purchase, the chief executive officer now owns 167,186 shares in the company, valued at approximately $117,030.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Dolphin Entertainment Price Performance

Shares of NASDAQ DLPN opened at $0.69 on Wednesday. The company has a market capitalization of $13.08 million, a PE ratio of -0.48 and a beta of 1.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Dolphin Entertainment, Inc. has a twelve month low of $0.63 and a twelve month high of $2.07. The firm has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $1.09.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $11.45 million during the quarter. Dolphin Entertainment had a negative return on equity of 68.29% and a negative net margin of 44.87%.

Institutional Investors Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Hohimer Wealth Management LLC purchased a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned approximately 3.31% of Dolphin Entertainment as of its most recent filing with the SEC. 8.87% of the stock is owned by institutional investors and hedge funds.

About Dolphin Entertainment

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.