Dover Motorsports (NYSE:DVD) Releases Earnings Results
Dover Motorsports (NYSE:DVD) posted its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $24.84 million during the quarter. Dover Motorsports had a return on equity of 7.05% and a net margin of 9.54%.
DVD stock traded up $0.07 during mid-day trading on Friday, reaching $2.00. The company had a trading volume of 11,913 shares, compared to its average volume of 13,641. The stock’s 50 day moving average is $2.00. The company has a market capitalization of $70.73 million, a P/E ratio of 16.08 and a beta of 0.18. Dover Motorsports has a 52 week low of $1.85 and a 52 week high of $2.25.
A hedge fund recently bought a new stake in Dover Motorsports stock. Municipal Employees Retirement System of Michigan purchased a new stake in Dover Motorsports, Inc. (NYSE:DVD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 165,430 shares of the company’s stock, valued at approximately $311,000. Municipal Employees Retirement System of Michigan owned approximately 0.45% of Dover Motorsports as of its most recent SEC filing. 23.13% of the stock is owned by hedge funds and other institutional investors.
About Dover Motorsports
Dover Motorsports, Inc markets and promotes motorsports entertainment in the United States. It owns and operates Dover International Speedway in Dover, Delaware; and Nashville Superspeedway near Nashville, Tennessee. The company was formerly known as Dover Downs Entertainment, Inc Dover Motorsports, Inc was founded in 1969 and is based in Dover, Delaware.
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