Insider Buying: Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO Acquires $14,170.00 in Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $1.09 per share, for a total transaction of $14,170.00. Following the purchase, the chief executive officer now owns 147,493 shares of the company’s stock, valued at $160,767.37. This represents a 9.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

William Iv O’dowd also recently made the following trade(s):

• On Monday, December 9th, William Iv O’dowd purchased 13,000 shares of Dolphin Entertainment stock. The shares were acquired at an average price of $1.12 per share, for a total transaction of $14,560.00.
• On Monday, December 2nd, William Iv O’dowd purchased 16,500 shares of Dolphin Entertainment stock. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $18,810.00.

Dolphin Entertainment Stock Performance

Shares of DLPN stock opened at $1.05 on Friday. Dolphin Entertainment, Inc. has a one year low of $0.95 and a one year high of $3.58. The company’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $1.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $11.72 million, a price-to-earnings ratio of -0.50 and a beta of 1.96.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their price target on Dolphin Entertainment from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 15th.

Institutional Investors Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. bought a new position in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,108,983 shares of the company’s stock, valued at approximately $699,000. SOA Wealth Advisors LLC. owned about 9.94% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. 8.87% of the stock is currently owned by hedge funds and other institutional investors.

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.