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

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd acquired 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $1.09 per share, with a total value of $14,170.00. Following the completion of the transaction, the chief executive officer now directly owns 147,493 shares in the company, valued at $160,767.37. This trade represents a 9.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 9th, William Iv O’dowd purchased 13,000 shares of Dolphin Entertainment stock. The shares were acquired at an average cost 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 purchased at an average cost of $1.14 per share, with a total value of $18,810.00.

Dolphin Entertainment Stock Up 5.6 %

Shares of DLPN opened at $1.14 on Wednesday. The stock has a fifty day moving average of $1.21 and a 200-day moving average of $1.47. Dolphin Entertainment, Inc. has a 52 week low of $0.95 and a 52 week high of $3.58. The stock has a market capitalization of $12.72 million, a price-to-earnings ratio of -0.55 and a beta of 1.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. purchased a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 filing with the SEC. 8.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.