Bard Associates Inc. purchased a new stake in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 118,159 shares of the company’s stock, valued at approximately $126,000.
Separately, SOA Wealth Advisors LLC. acquired a new stake in shares of Dolphin Entertainment in the third quarter valued at $699,000. Hedge funds and other institutional investors own 8.87% of the company’s stock.
Analysts Set New Price Targets
Separately, Maxim Group lowered their target price 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 Stock Down 3.7 %
NASDAQ DLPN opened at $1.03 on Wednesday. Dolphin Entertainment, Inc. has a 12 month low of $0.90 and a 12 month high of $3.04. The company has a market capitalization of $11.50 million, a P/E ratio of -0.50 and a beta of 1.92. The company’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.76.
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.
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