Dover Motorsports (DVD) Downgraded by ValuEngine

ValuEngine lowered shares of Dover Motorsports (NYSE:DVD) from a hold rating to a sell rating in a report published on Thursday morning.

Shares of DVD traded up $0.02 during trading hours on Thursday, hitting $2.15. The company had a trading volume of 4,977 shares, compared to its average volume of 17,305. The firm has a market cap of $78.21 million, a price-to-earnings ratio of 21.50 and a beta of 0.14. Dover Motorsports has a one year low of $1.80 and a one year high of $2.30.

Dover Motorsports (NYSE:DVD) last released its quarterly earnings results on Thursday, October 25th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.23 million during the quarter. Dover Motorsports had a return on equity of 6.63% and a net margin of 23.47%.

The firm also recently announced an annual dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a yield of 3.77%. Dover Motorsports’s dividend payout ratio (DPR) is 80.00%.

An institutional investor recently raised its position in Dover Motorsports stock. Eidelman Virant Capital increased its holdings in shares of Dover Motorsports, Inc. (NYSE:DVD) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 844,000 shares of the company’s stock after buying an additional 99,500 shares during the quarter. Eidelman Virant Capital owned 2.30% of Dover Motorsports worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 24.62% of the stock is currently owned by institutional investors.

Dover Motorsports Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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