Insider Selling: Entravision Communications (NYSE:EVC) Director Sells $3,139,713.62 in Stock

Entravision Communications Corporation (NYSE:EVC) Director Paul Zevnik sold 324,686 shares of Entravision Communications stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the completion of the sale, the director directly owned 2,107,582 shares of the company’s stock, valued at approximately $20,380,317.94. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Entravision Communications Price Performance

Shares of NYSE:EVC opened at $9.40 on Thursday. The company has a market cap of $864.42 million, a P/E ratio of -42.73 and a beta of 1.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.19. Entravision Communications Corporation has a 52 week low of $1.95 and a 52 week high of $10.12. The business has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $4.38.

Entravision Communications (NYSE:EVC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Entravision Communications had a negative return on equity of 25.31% and a negative net margin of 3.41%.The firm had revenue of $196.97 million during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, June 16th. Entravision Communications’s payout ratio is currently -90.91%.

Analyst Ratings Changes

EVC has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Entravision Communications in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Entravision Communications from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Entravision Communications by 24.8% in the first quarter. Empowered Funds LLC now owns 568,569 shares of the company’s stock worth $1,689,000 after acquiring an additional 113,013 shares in the last quarter. Rangeley Capital LLC increased its holdings in Entravision Communications by 11.1% in the first quarter. Rangeley Capital LLC now owns 100,000 shares of the company’s stock valued at $297,000 after buying an additional 10,000 shares during the last quarter. Teton Advisors LLC increased its holdings in Entravision Communications by 23.1% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $238,000 after buying an additional 15,000 shares during the last quarter. Gabelli Funds LLC increased its holdings in Entravision Communications by 7.2% in the first quarter. Gabelli Funds LLC now owns 239,000 shares of the company’s stock valued at $710,000 after buying an additional 16,000 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in Entravision Communications in the first quarter valued at about $30,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

About Entravision Communications

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.