Dolphin Digital Media Inc. (NASDAQ:DLPN) Shares Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lowered its stake in shares of Dolphin Digital Media Inc. (NASDAQ:DLPN) by 30.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,000 shares of the company’s stock after selling 21,000 shares during the quarter. Hohimer Wealth Management LLC owned approximately 0.43% of Dolphin Digital Media worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Dolphin Digital Media Stock Down 1.6%

DLPN stock opened at $1.20 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. Dolphin Digital Media Inc. has a twelve month low of $0.75 and a twelve month high of $2.00. The company’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.07. The stock has a market cap of $13.40 million, a P/E ratio of -0.91 and a beta of 2.26.

Dolphin Digital Media (NASDAQ:DLPN) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The company had revenue of $12.17 million for the quarter, compared to analyst estimates of $10.00 million. Dolphin Digital Media had a negative return on equity of 49.86% and a negative net margin of 30.04%.

About Dolphin Digital Media

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.