William Iv O’dowd Purchases 13,000 Shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd acquired 13,000 shares of Dolphin Entertainment stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $1.12 per share, with a total value of $14,560.00. Following the completion of the transaction, the chief executive officer now directly owns 134,493 shares of the company’s stock, valued at $150,632.16. This trade represents a 10.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, William Iv O’dowd purchased 16,500 shares of Dolphin Entertainment stock. The shares were bought at an average cost of $1.14 per share, with a total value of $18,810.00.

Dolphin Entertainment Stock Performance

NASDAQ DLPN traded down $0.04 during trading hours on Monday, hitting $1.12. 52,406 shares of the company traded hands, compared to its average volume of 35,920. The business’s 50-day moving average is $1.23 and its 200-day moving average is $1.53. Dolphin Entertainment, Inc. has a twelve month low of $0.95 and a twelve month high of $3.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76.

Analysts Set New Price Targets

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

Institutional Trading of Dolphin Entertainment

A hedge fund recently bought a new stake in Dolphin Entertainment stock. SOA Wealth Advisors LLC. acquired a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,108,983 shares of the company’s stock, valued at approximately $699,000. SOA Wealth Advisors LLC. owned 9.94% of Dolphin Entertainment as of its most recent SEC filing. Institutional investors own 8.87% of the company’s stock.

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.