California Public Employees Retirement System held its stake in Dover Motorsports, Inc. (NYSE:DVD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,086 shares of the company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.31% of Dover Motorsports worth $253,000 at the end of the most recent reporting period.

Separately, Lafayette Investments Inc. increased its stake 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 during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Dover Motorsports, Inc. (NYSE:DVD) traded up 1.220% during midday trading on Wednesday, reaching $2.075. 5,649 shares of the company traded hands. Dover Motorsports, Inc. has a 12-month low of $1.80 and a 12-month high of $2.54. The company has a market cap of $76.55 million, a price-to-earnings ratio of 19.762 and a beta of 0.45. The company has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.11.

Dover Motorsports (NYSE:DVD) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.14 earnings per share 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, analysts predict that Dover Motorsports, Inc. will post $0.13 earnings per share for the current fiscal year.

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Dover Motorsports Company Profile

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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Institutional Ownership by Quarter for Dover Motorsports (NYSE:DVD)

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