Gamco Investors INC. ET AL Sells 6,981 Shares of Dover Motorsports, Inc. (DVD)

Gamco Investors INC. ET AL lowered its stake in Dover Motorsports, Inc. (NYSE:DVD) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,332 shares of the company’s stock after selling 6,981 shares during the period. Gamco Investors INC. ET AL owned approximately 2.73% of Dover Motorsports worth $2,111,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DVD. Clark Estates Inc. NY raised its position in Dover Motorsports by 28.1% in the second quarter. Clark Estates Inc. NY now owns 962,786 shares of the company’s stock valued at $2,022,000 after buying an additional 211,294 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Dover Motorsports during the second quarter valued at approximately $347,000. Renaissance Technologies LLC raised its position in Dover Motorsports by 0.3% in the first quarter. Renaissance Technologies LLC now owns 376,400 shares of the company’s stock valued at $828,000 after buying an additional 1,200 shares in the last quarter. Finally, Lafayette Investments Inc. raised its position in Dover Motorsports by 0.5% in the first quarter. Lafayette Investments Inc. now owns 97,554 shares of the company’s stock valued at $215,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 26.38% of the company’s stock.

Dover Motorsports, Inc. (NYSE:DVD) opened at 1.95 on Friday. The stock’s 50 day moving average is $2.05 and its 200 day moving average is $2.11. Dover Motorsports, Inc. has a 52-week low of $1.80 and a 52-week high of $2.54. The company has a market cap of $71.94 million, a price-to-earnings ratio of 18.57 and a beta of 0.45.

Dover Motorsports (NYSE:DVD) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.14 EPS for the quarter. Dover Motorsports had a return on equity of 7.81% and a net margin of 8.39%. The company had revenue of $25.59 million during the quarter. On average, analysts predict that Dover Motorsports, Inc. will post $0.13 earnings per share for the current fiscal year.

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About Dover Motorsports

Dover Motorsports, Inc is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. The Dover International Speedway is located in Dover, Delaware, on approximately 770 acres of land.

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