Dolphin Entertainment (NASDAQ:DLPN) Stock Price Down 0.9% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s stock price fell 0.9% on Wednesday . The company traded as low as $0.96 and last traded at $1.01. 55,375 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 40,217 shares. The stock had previously closed at $1.02.

Dolphin Entertainment Stock Down 0.9 %

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 firm has a market capitalization of $11.28 million, a P/E ratio of -0.49 and a beta of 2.00. The firm’s fifty day moving average price is $1.04 and its 200-day moving average price is $1.15.

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Bard Associates Inc. acquired a new stake in Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 118,159 shares of the company’s stock, valued at approximately $126,000. Bard Associates Inc. owned 1.06% of Dolphin Entertainment as of its most recent SEC filing. 8.87% of the stock is owned by institutional investors.

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.