State of New Jersey Common Pension Fund D lowered its stake in Dover Motorsports, Inc. (NYSE:DVD) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,000 shares of the company’s stock after selling 14,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dover Motorsports were worth $446,000 as of its most recent SEC filing.
Separately, Municipal Employees Retirement System of Michigan purchased a new position in shares of Dover Motorsports in the fourth quarter worth about $311,000. Institutional investors and hedge funds own 23.23% of the company’s stock.
Shares of DVD remained flat at $$2.03 during trading hours on Tuesday. The stock had a trading volume of 153 shares, compared to its average volume of 8,481. The stock has a market capitalization of $75.13 million, a P/E ratio of 13.40 and a beta of 0.21. Dover Motorsports, Inc. has a 1 year low of $1.85 and a 1 year high of $2.30.
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About Dover Motorsports
Dover Motorsports, Inc markets and promotes motorsports entertainment in the United States. It owns and operates Dover International Speedway in Dover, Delaware; and Nashville Superspeedway near Nashville, Tennessee. The company was formerly known as Dover Downs Entertainment, Inc Dover Motorsports, Inc was founded in 1969 and is based in Dover, Delaware.
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