Dolphin Entertainment (NASDAQ:DLPN) Issues Quarterly Earnings Results

Dolphin Entertainment (NASDAQ:DLPN) announced its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09, Zacks reports. Dolphin Entertainment had a negative return on equity of 41.42% and a negative net margin of 6.02%.

Dolphin Entertainment Price Performance

Shares of NASDAQ:DLPN traded up $0.04 during midday trading on Wednesday, reaching $1.14. 34,073 shares of the company’s stock traded hands, compared to its average volume of 29,604. The company has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $1.36. Dolphin Entertainment has a 1 year low of $0.99 and a 1 year high of $1.88. The company has a market cap of $14.77 million, a P/E ratio of -3.91 and a beta of 1.90. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.73 and a current ratio of 0.73.

Institutional Trading of Dolphin Entertainment

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.