Insider Buying: Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO Buys 25,000 Shares of Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $0.70 per share, with a total value of $17,500.00. Following the acquisition, the chief executive officer now directly owns 167,186 shares in the company, valued at $117,030.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dolphin Entertainment Stock Performance

Dolphin Entertainment stock remained flat at $0.69 during midday trading on Tuesday. The company had a trading volume of 72,399 shares, compared to its average volume of 71,860. Dolphin Entertainment, Inc. has a fifty-two week low of $0.63 and a fifty-two week high of $2.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market cap of $13.08 million, a price-to-earnings ratio of -0.48 and a beta of 1.96. The firm has a 50 day moving average price of $0.83 and a 200-day moving average price of $1.09.

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

Hedge Funds Weigh In On Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. Hohimer Wealth Management LLC purchased a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 600,000 shares of the company’s stock, valued at approximately $1,026,000. Hohimer Wealth Management LLC owned 3.31% of Dolphin Entertainment as of its most recent filing with the Securities & Exchange Commission. 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.