Key Points
- COO Liberman Jeffery sold 20,121 shares of Entravision (NYSE:EVC) on Nov. 24 at an average price of $2.74, trimming his stake by 4.58% to 418,998 shares valued at about $1.15 million, according to an SEC filing.
- Entravision announced a quarterly dividend of $0.05 per share (annualized $0.20) with an ex-dividend date of Dec. 16 and a yield of about 7.4%, even as the company reported a quarterly loss (EPS -$0.11) and negative profitability metrics (ROE -51.15%, net margin -30.16%).
Entravision Communications Corporation (NYSE:EVC - Get Free Report) COO Liberman Jeffery sold 15,913 shares of the company's stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $2.71, for a total transaction of $43,124.23. Following the completion of the transaction, the chief operating officer owned 403,085 shares of the company's stock, valued at approximately $1,092,360.35. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Entravision Communications Price Performance
Shares of NYSE:EVC opened at $2.72 on Wednesday. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.91. The firm's 50 day moving average is $2.37 and its two-hundred day moving average is $2.33. The firm has a market capitalization of $247.00 million, a P/E ratio of -2.06 and a beta of 1.63. Entravision Communications Corporation has a 52 week low of $1.58 and a 52 week high of $3.15.
Entravision Communications (NYSE:EVC - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter. Entravision Communications had a negative net margin of 30.16% and a negative return on equity of 51.15%. The business had revenue of $120.63 million during the quarter.
Entravision Communications Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $0.20 annualized dividend and a yield of 7.4%. Entravision Communications's dividend payout ratio is presently -15.38%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Entravision Communications in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Research Report on Entravision Communications
Institutional Investors Weigh In On Entravision Communications
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Entravision Communications during the 3rd quarter valued at about $27,000. AQR Capital Management LLC acquired a new stake in Entravision Communications during the first quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its holdings in Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company's stock worth $29,000 after buying an additional 5,702 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Entravision Communications in the second quarter worth approximately $30,000. Finally, Byrne Asset Management LLC bought a new position in shares of Entravision Communications in the third quarter valued at $33,000. 69.46% of the stock is owned by institutional investors and hedge funds.
About Entravision Communications
(
Get Free Report)
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.
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