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
Website
CEO
Denis L. McGlynn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DOVER DOWNS ENTERTAINMENT INC
SEC CIK
Corporate docs
Subsidiaries
Dover Motorsports, Inc. • Dover International • Nashville Speedway, USA, Inc. ...
IRS number
510357525
DVD stock data
Calendar
1 Nov 21
2 Jul 22
31 Dec 22
Financial summary
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 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Dec 21 | Jeffrey W Rollins | Common Stock, $.10 par value | Dispose U | Yes | No | 3.61 | 5,550 | 20.04K | 0 | |
22 Dec 21 | Jeffrey W Rollins | Common Stock, $.10 par value | Dispose U | Yes | No | 3.61 | 32,750 | 118.23K | 0 | |
22 Dec 21 | Jeffrey W Rollins | Common Stock, $.10 par value | Dispose U | No | No | 3.61 | 27,240 | 98.34K | 0 | |
22 Dec 21 | Jeffrey W Rollins | Class A Common Stock Common Stock | Dispose U | No | No | 3.61 | 1,153,975 | 4.17M | 0 | |
22 Dec 21 | Timothy R Horne | Common Stock, $.10 par value | Dispose U | No | No | 3.61 | 202,497 | 731.01K | 0 | |
22 Dec 21 | Patrick J Bagley | Common Stock, $.10 par value | Dispose U | No | No | 3.61 | 24,271 | 87.62K | 0 | |
22 Dec 21 | Denis MCGLYNN | Common Stock, $.10 par value | Dispose U | Yes | No | 3.61 | 20,000 | 72.2K | 0 | |
22 Dec 21 | Denis MCGLYNN | Common Stock, $.10 par value | Dispose U | No | No | 3.61 | 338,867 | 1.22M | 0 | |
22 Dec 21 | Denis MCGLYNN | Class A Common Stock Common Stock | Dispose U | Yes | No | 3.61 | 232,000 | 837.52K | 0 | |
22 Dec 21 | Denis MCGLYNN | Class A Common Stock Common Stock | Dispose U | No | No | 3.61 | 530,528 | 1.92M | 0 |
Institutional ownership, Q4 2021
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 2 |
Closed positions | 23 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 48.4M |
Total shares | 21.23M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sonic Financial | 21.23M | $48.4M |
GBL Gamco Investors | 12 | $0 |
Proequities | 0 | $0 |
RMT Trust | 0 | $0 |
Nantahala Capital Management | 0 | $0 |
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.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
|
Removed:
discount, government, hold, host, outbreak, recommended, size, travel
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
23 Dec 21
8-K
Entry into a Material Definitive Agreement
9 Nov 21
8-K
Reports Results for the Third Quarter of 2021
28 Oct 21
8-K
Regulation FD Disclosure
27 Oct 21
8-K
Entry into a Material Definitive Agreement
22 Sep 21
8-K
Reports Results for the Second Quarter of 2021
29 Jul 21
8-K
Dover Motorsports, Inc Reports Closing on Nashville Property
27 May 21
8-K
Dover Motorsports, Inc. Announces Appointment
30 Apr 21
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 21
8-K
Dover Motorsports, Inc. Reports Results
29 Apr 21
Registration and prospectus
15-12B
Securities registration termination
4 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
4 Jan 22
POS AM
Prospectus update (post-effective amendment)
4 Jan 22
SC 14D9/A
Tender offer solicitation (amended)
22 Dec 21
SC TO-T/A
Third party tender offer statement (amended)
22 Dec 21
25-NSE
Exchange delisting
21 Dec 21
SC TO-T/A
Third party tender offer statement (amended)
14 Dec 21
SC 14D9/A
Tender offer solicitation (amended)
13 Dec 21
SC TO-T/A
Third party tender offer statement (amended)
13 Dec 21
SC TO-T/A
Third party tender offer statement (amended)
1 Dec 21
Other
EFFECT
Notice of effectiveness
11 Jan 22
UPLOAD
Letter from SEC
22 Oct 14
CORRESP
Correspondence with SEC
13 Oct 14
UPLOAD
Letter from SEC
9 Oct 14
CORRESP
Correspondence with SEC
30 Sep 14
UPLOAD
Letter from SEC
25 Sep 14
UPLOAD
Letter from SEC
7 Aug 12
CORRESP
Correspondence with SEC
30 Jul 12
UPLOAD
Letter from SEC
11 Jul 12
UPLOAD
Letter from SEC
27 May 10
Ownership
4
DOVER MOTORSPORTS / GARY W ROLLINS ownership change
23 Dec 21
SC 13D/A
DOVER MOTORSPORTS / GAMCO INVESTORS, INC. ET AL ownership change
23 Dec 21
4
DOVER MOTORSPORTS / THOMAS G WINTERMANTEL ownership change
22 Dec 21
4
DOVER MOTORSPORTS / HENRY B TIPPIE ownership change
22 Dec 21
4
DOVER MOTORSPORTS / Michael A. Tatoian ownership change
22 Dec 21
4
DOVER MOTORSPORTS / DENIS MCGLYNN ownership change
22 Dec 21
4
DOVER MOTORSPORTS / Richard Radcliffe Hastings ownership change
22 Dec 21
4
DOVER MOTORSPORTS / TIMOTHY R HORNE ownership change
22 Dec 21
4
DOVER MOTORSPORTS / PATRICK J BAGLEY ownership change
22 Dec 21
4
DOVER MOTORSPORTS / JEFFREY W ROLLINS ownership change
22 Dec 21
Transcripts
2021 Q2
Earnings call transcript
31 Jul 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q1
Earnings call transcript
26 Apr 19
2018 Q4
Earnings call transcript
24 Jan 19
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