Dolphin Entertainment (NASDAQ:DLPN) Releases Earnings Results

Dolphin Entertainment (NASDAQ:DLPN) announced its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, FiscalAI reports. Dolphin Entertainment had a negative net margin of 11.37% and a negative return on equity of 65.09%. The company had revenue of $15.65 million for the quarter.

Dolphin Entertainment Stock Up 0.6%

Shares of DLPN stock traded up $0.01 during mid-day trading on Wednesday, reaching $1.55. 7,280 shares of the company’s stock traded hands, compared to its average volume of 37,089. The company’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.55. The company has a market cap of $18.79 million, a P/E ratio of -2.98 and a beta of 2.56. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.89. Dolphin Entertainment has a 12 month low of $0.75 and a 12 month high of $1.88.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Entertainment in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC grew its stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,400 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. 8.87% of the stock is 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.