Dolphin Entertainment (NASDAQ:DLPN) Announces Earnings Results

Dolphin Entertainment (NASDAQ:DLPN) posted its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09, Zacks reports. Dolphin Entertainment had a negative net margin of 6.02% and a negative return on equity of 41.42%.

Dolphin Entertainment Stock Up 4.1%

Shares of NASDAQ:DLPN traded up $0.04 during trading hours on Wednesday, reaching $1.14. The stock had a trading volume of 34,073 shares, compared to its average volume of 29,604. Dolphin Entertainment has a 1 year low of $0.99 and a 1 year high of $1.88. The firm’s 50 day moving average is $1.11 and its 200-day moving average is $1.36. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $14.77 million, a price-to-earnings ratio of -3.91 and a beta of 1.90.

Institutional Investors Weigh In On Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.87% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Dolphin Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.