Entravision Communications Corporation (EVC) To Go Ex-Dividend on September 16th

Entravision Communications Corporation (NYSE:EVC) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Entravision Communications has increased its dividend payment by an average of 0.1%annually over the last three years.

Entravision Communications Stock Down 21.5%

Shares of EVC stock opened at $9.18 on Wednesday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $10.90 and a 200 day moving average price of $6.66. Entravision Communications has a one year low of $1.95 and a one year high of $13.74. The stock has a market cap of $844.47 million, a P/E ratio of 919.22 and a beta of 1.72.

Entravision Communications (NYSE:EVC) last posted its earnings results on Monday, August 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $227.90 million for the quarter, compared to analysts’ expectations of $121.49 million. Entravision Communications had a net margin of 0.62% and a return on equity of 7.44%.

Insider Activity

In other Entravision Communications news, major shareholder Alexandra Seros sold 468,583 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $7.99, for a total value of $3,743,978.17. Following the completion of the sale, the insider owned 7,907,343 shares in the company, valued at approximately $63,179,670.57. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul A. Zevnik sold 324,686 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.67, for a total transaction of $3,139,713.62. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,476,297 shares of company stock worth $21,094,682. 9.12% of the stock is owned by corporate insiders.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in Entravision Communications in the 1st quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its position in Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock valued at $29,000 after buying an additional 5,702 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Entravision Communications in the 1st quarter valued at $30,000. StoneX Group Inc. acquired a new stake in shares of Entravision Communications in the 4th quarter valued at $35,000. Finally, Vise Technologies Inc. bought a new stake in shares of Entravision Communications during the fourth quarter worth $38,000. 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.