State of New Jersey Common Pension Fund D Has $515,000 Position in Dover Motorsports, Inc. (DVD)
State of New Jersey Common Pension Fund D maintained its stake in shares of Dover Motorsports, Inc. (NYSE:DVD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned 0.66% of Dover Motorsports worth $515,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Lafayette Investments Inc. boosted its stake in shares of Dover Motorsports by 0.5% in the first quarter. Lafayette Investments Inc. now owns 97,554 shares of the company’s stock worth $215,000 after buying an additional 500 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Dover Motorsports during the second quarter worth approximately $347,000. Renaissance Technologies LLC boosted its stake in shares of Dover Motorsports by 0.3% in the first quarter. Renaissance Technologies LLC now owns 376,400 shares of the company’s stock worth $828,000 after buying an additional 1,200 shares during the period. Eidelman Virant Capital boosted its stake in shares of Dover Motorsports by 42.7% in the first quarter. Eidelman Virant Capital now owns 694,000 shares of the company’s stock worth $1,526,000 after buying an additional 207,814 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Dover Motorsports by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 1,012,313 shares of the company’s stock worth $2,227,000 after buying an additional 16,000 shares during the period. 26.38% of the stock is owned by institutional investors and hedge funds.
Shares of Dover Motorsports, Inc. (DVD) opened at 2.10 on Tuesday. The company’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.12. Dover Motorsports, Inc. has a 52 week low of $1.80 and a 52 week high of $2.54. The firm has a market capitalization of $77.47 million, a PE ratio of 20.00 and a beta of 0.45.
Dover Motorsports (NYSE:DVD) last issued its earnings results on Thursday, July 27th. The company reported $0.14 EPS for the quarter. The company had revenue of $25.59 million during the quarter. Dover Motorsports had a return on equity of 7.81% and a net margin of 8.39%. On average, equities research analysts expect that Dover Motorsports, Inc. will post $0.13 EPS 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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