Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO Purchases $14,170.00 in Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd bought 13,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $14,170.00. Following the transaction, the chief executive officer now directly owns 147,493 shares in the company, valued at approximately $160,767.37. This trade represents a 9.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

Dolphin Entertainment Price Performance

DLPN opened at $1.11 on Thursday. The firm 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. The business’s 50-day moving average is $1.21 and its two-hundred day moving average is $1.47. Dolphin Entertainment, Inc. has a 1 year low of $0.95 and a 1 year high of $3.58.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. bought a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.