Dover Motorsports (DVD)

Dover Motorsports, Inc. is a leading promoter of NASCAR sanctioned motorsports events whose subsidiaries own and operate Dover International Speedway in Dover, Del. and Nashville Superspeedway near Nashville, Tenn. The company also plays host to the Firefly Music Festival which is produced by AEG Presents.

Company profile

Ticker

DVD

Exchange

NYSE

Website

www.dovermotorsports.com

CEO

Denis L. McGlynn

Incorporated

Delaware

Location

Delaware

Fiscal year end

Dec 31

Sector

Arts, Entertainment, and Recreation > Racetracks

Industry (SIC)

Services - Amusement & Recreation Services

Endeavor • Live Nation Entertainment • Warner Music • Madison Square Garden Entertainment • Wanda Sports • Bowlero • Accel Entertainment • Bowl America • Pop Culture • Galaxy Gaming ...

Former names

DOVER DOWNS ENTERTAINMENT INC

SEC CIK

0001017673

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Dover Motorsports, Inc. • Dover International • Nashville Speedway, USA, Inc. ...

IRS number

510357525

DVD stock data

1M 1Y 5Y

Calendar

1 Nov 21

2 Jul 22

31 Dec 22

Financial summary

Financial statements Chart DVD financial data

Quarter (USD)	Sep 21	Jun 21	Mar 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	23.68M	23.68M	23.68M	23.68M	23.68M	23.68M
Cash burn (monthly)	(no burn)	(no burn)	861K	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	7.83M	n/a	n/a	n/a
Cash remaining	n/a	n/a	15.85M	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	18.4	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

DVD insider ownership history Insider history

Date	Owner	Security	Code	Indirect	10b5-1	$Price	#Shares	$Value
22 Dec 21	Jeffrey W Rollins	Common Stock, $.10 par value	Dispose U	Yes	No	3.61	5,550	20.04K
22 Dec 21	Jeffrey W Rollins	Common Stock, $.10 par value	Dispose U	Yes	No	3.61	32,750	118.23K
22 Dec 21	Jeffrey W Rollins	Common Stock, $.10 par value	Dispose U	No	No	3.61	27,240	98.34K
22 Dec 21	Jeffrey W Rollins	Class A Common Stock Common Stock	Dispose U	No	No	3.61	1,153,975	4.17M
22 Dec 21	Timothy R Horne	Common Stock, $.10 par value	Dispose U	No	No	3.61	202,497	731.01K
22 Dec 21	Patrick J Bagley	Common Stock, $.10 par value	Dispose U	No	No	3.61	24,271	87.62K
22 Dec 21	Denis MCGLYNN	Common Stock, $.10 par value	Dispose U	Yes	No	3.61	20,000	72.2K
22 Dec 21	Denis MCGLYNN	Common Stock, $.10 par value	Dispose U	No	No	3.61	338,867	1.22M
22 Dec 21	Denis MCGLYNN	Class A Common Stock Common Stock	Dispose U	Yes	No	3.61	232,000	837.52K
22 Dec 21	Denis MCGLYNN	Class A Common Stock Common Stock	Dispose U	No	No	3.61	530,528	1.92M

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

DVD institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	3	24	-87.5%
Opened positions	2	3	-33.3%
Closed positions	23	1	+2200.0%
Increased positions	0	4	EXIT
Reduced positions	1	10	-90.0%

13F shares	Current	Prev Q	Change
Total value	48.4M	18.21M	+165.8%
Total shares	21.23M	7.51M	+182.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Sonic Financial	21.23M	$48.4M	NEW
GBL Gamco Investors	12	$0	-100.0%
Proequities	0	$0
RMT Trust	0	$0
Nantahala Capital Management	0	$0	EXIT

Largest transactions	Shares	Bought/sold	Change
Sonic Financial	21.23M	+21.23M	NEW
Nantahala Capital Management	0	-2.59M	EXIT
Eidelman Virant Capital	0	-1.34M	EXIT
GBL Gamco Investors	12	-933.5K	-100.0%
Dimensional Fund Advisors	0	-584.63K	EXIT
Renaissance Technologies	0	-543.24K	EXIT
Bridgeway Capital Management	0	-329.4K	EXIT
BLK Blackrock	0	-283.07K	EXIT
Gabelli Funds	0	-265.1K	EXIT
Vanguard	0	-223.06K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Three Months Ended September 30, 2021 vs. Three Months Ended September 30, 2020
Revenues for the third quarter of 2021 were $1,238,000 and related primarily to the Firefly Music Festival and other miscellaneous revenues. Revenues for the third quarter of 2020 were $38,044,000 and were almost entirely related to the six NASCAR events held during the third quarter of 2020. Due to the impacts of the COVID-19 pandemic, our NASCAR weekend previously scheduled for May of 2020 was held in conjunction with our already scheduled August of 2020 NASCAR weekend. Pursuant to the restrictions imposed by state officials, none of the events had fans in attendance. Both of our NASCAR weekends in 2021 were held during the second quarter. Accordingly, the results for the third quarter of 2021 are not comparable to the third quarter of 2020.
Operating and marketing expenses were $839,000 in the third quarter of 2021 compared to $22,425,000 in the third quarter of 2020. The decrease was due primarily to holding all our NASCAR events during the second quarter of 2021 while all of our 2020 NASCAR events were held during the third quarter.