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 purchased 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $1.09 per share, with a total value of $14,170.00. Following the completion of the purchase, the chief executive officer now owns 147,493 shares in the company, valued at $160,767.37. This trade represents a 9.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, December 9th, William Iv O’dowd acquired 13,000 shares of Dolphin Entertainment stock. The stock was purchased at an average cost of $1.12 per share, with a total value of $14,560.00.
• On Monday, December 2nd, William Iv O’dowd bought 16,500 shares of Dolphin Entertainment stock. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $18,810.00.

Dolphin Entertainment Trading Down 2.6 %

DLPN stock opened at $1.11 on Thursday. Dolphin Entertainment, Inc. has a 12 month low of $0.95 and a 12 month high of $3.58. The firm’s 50-day moving average is $1.21 and its 200 day moving average is $1.47. The company has a market capitalization of $12.39 million, a PE ratio of -0.53 and a beta of 1.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.76.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. acquired a new position in Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 3rd quarter, according to the company in its most recent Form 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 approximately 9.94% of Dolphin Entertainment as of its most recent SEC filing. 8.87% of the stock is owned by 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.