Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd Buys 16,500 Shares of Stock

Dolphin Entertainment, Inc. (NASDAQ:DLPN) CEO William Iv O’dowd purchased 16,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $1.14 per share, with a total value of $18,810.00. Following the purchase, the chief executive officer now owns 121,493 shares in the company, valued at $138,502.02. This represents a 15.72 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 9th, William Iv O’dowd bought 7,650 shares of Dolphin Entertainment stock. The stock was acquired at an average price of $1.44 per share, with a total value of $11,016.00.

Dolphin Entertainment Trading Up 11.6 %

Dolphin Entertainment stock opened at $1.25 on Tuesday. Dolphin Entertainment, Inc. has a one year low of $0.95 and a one year high of $3.70. The company’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.56. 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 company has a market capitalization of $13.95 million, a price-to-earnings ratio of -0.60 and a beta of 1.95.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dolphin Entertainment stock. SOA Wealth Advisors LLC. bought a new position in Dolphin Entertainment, Inc. (NASDAQ:DLPN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,108,983 shares of the company’s stock, valued at approximately $699,000. SOA Wealth Advisors LLC. owned about 9.94% of Dolphin Entertainment as of its most recent filing with the Securities and Exchange Commission. 8.87% of the stock is currently owned by institutional investors and hedge funds.

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.