Entravision Communications (NYSE:EVC) Major Shareholder Alexandra Seros Sells 24,359 Shares

Key Points

• Alexandra Seros, a major shareholder of Entravision Communications, sold 24,359 shares for approximately $60,410 on September 9th, reducing her ownership to about 11.4 million shares.
• Entravision Communications' stock saw a 0.6% decline to $2.48, with currently a market cap of $225.17 million and a reported negative return on equity of 51.15%.
• The company announced a quarterly dividend of $0.05 per share, set to be paid on September 30th, with an annualized dividend yield of 8.1%.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) major shareholder Alexandra Seros sold 24,359 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $2.48, for a total value of $60,410.32. Following the sale, the insider directly owned 11,419,746 shares in the company, valued at approximately $28,320,970.08. The trade was a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Monday, September 8th, Alexandra Seros sold 32,911 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total value of $81,619.28.
• On Friday, September 5th, Alexandra Seros sold 22,157 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total value of $54,727.79.
• On Thursday, September 4th, Alexandra Seros sold 18,902 shares of Entravision Communications stock. The shares were sold at an average price of $2.47, for a total value of $46,687.94.
• On Wednesday, September 3rd, Alexandra Seros sold 20,588 shares of Entravision Communications stock. The shares were sold at an average price of $2.48, for a total value of $51,058.24.
• On Tuesday, September 2nd, Alexandra Seros sold 18,978 shares of Entravision Communications stock. The shares were sold at an average price of $2.52, for a total value of $47,824.56.
• On Friday, August 29th, Alexandra Seros sold 12,502 shares of Entravision Communications stock. The stock was sold at an average price of $2.58, for a total value of $32,255.16.
• On Thursday, August 28th, Alexandra Seros sold 31,660 shares of Entravision Communications stock. The stock was sold at an average price of $2.55, for a total value of $80,733.00.
• On Wednesday, August 27th, Alexandra Seros sold 53,046 shares of Entravision Communications stock. The stock was sold at an average price of $2.53, for a total value of $134,206.38.
• On Tuesday, August 26th, Alexandra Seros sold 29,648 shares of Entravision Communications stock. The stock was sold at an average price of $2.46, for a total value of $72,934.08.
• On Monday, August 25th, Alexandra Seros sold 18,097 shares of Entravision Communications stock. The stock was sold at an average price of $2.48, for a total value of $44,880.56.

Entravision Communications Stock Down 0.6%

NYSE EVC traded down $0.02 during trading on Tuesday, hitting $2.48. The company's stock had a trading volume of 138,202 shares, compared to its average volume of 279,761. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.48 and a quick ratio of 2.48. The company has a market cap of $225.17 million, a PE ratio of -1.87 and a beta of 1.56. The business's 50 day simple moving average is $2.44 and its 200-day simple moving average is $2.17. Entravision Communications Corporation has a fifty-two week low of $1.58 and a fifty-two week high of $2.73.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $100.74 million during 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, September 16th. Entravision Communications's dividend payout ratio (DPR) is presently -15.15%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Entravision Communications by 78.5% in the second quarter. Tower Research Capital LLC TRC now owns 17,372 shares of the company's stock worth $40,000 after purchasing an additional 7,642 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Entravision Communications by 6.5% in the second quarter. Bridgeway Capital Management LLC now owns 963,219 shares of the company's stock worth $2,235,000 after purchasing an additional 59,154 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Entravision Communications by 175.5% in the second quarter. Jane Street Group LLC now owns 104,899 shares of the company's stock worth $243,000 after purchasing an additional 66,829 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Entravision Communications in the second quarter worth about $38,000. Finally, Caption Management LLC purchased a new position in shares of Entravision Communications in the second quarter worth about $139,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

About Entravision Communications

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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