Insider Selling: Entravision Communications (NYSE:EVC) Major Shareholder Sells $37,099.97 in Stock

Entravision Communications Corporation (NYSE:EVC) major shareholder Alexandra Seros sold 15,523 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $2.39, for a total value of $37,099.97. Following the completion of the sale, the insider owned 11,804,620 shares in the company, valued at $28,213,041.80. This trade represents a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Alexandra Seros also recently made the following trade(s):

• On Thursday, August 21st, Alexandra Seros sold 36,836 shares of Entravision Communications stock. The shares were sold at an average price of $2.35, for a total value of $86,564.60.
• On Wednesday, August 20th, Alexandra Seros sold 29,443 shares of Entravision Communications stock. The stock was sold at an average price of $2.39, for a total value of $70,368.77.

Entravision Communications Stock Performance

NYSE:EVC opened at $2.4850 on Friday. The stock has a market cap of $226.08 million, a P/E ratio of -1.88 and a beta of 1.57. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $2.15. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $2.73.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) EPS for the quarter. The business had revenue of $100.74 million for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 16th. Entravision Communications’s payout ratio is currently -15.15%.

Institutional Trading of Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Entravision Communications during the 1st quarter worth $28,000. The Manufacturers Life Insurance Company purchased a new stake in Entravision Communications during the fourth quarter valued at about $29,000. Fidelis Capital Partners LLC bought a new stake in Entravision Communications during the second quarter worth about $30,000. Kingsview Wealth Management LLC purchased a new position in shares of Entravision Communications in the 1st quarter worth about $31,000. Finally, Walleye Capital LLC bought a new position in shares of Entravision Communications during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.