Nuveen LLC Purchases Shares of 174,355 Entravision Communications Corporation $EVC

Key Points

• Nuveen LLC has acquired a new stake in Entravision Communications Corporation, purchasing 174,355 shares valued at approximately $366,000, representing 0.19% of the company.
• Entravision has announced a quarterly dividend of $0.05 per share, translating to an annualized dividend yield of 8.1%.
• Institutional investors now own 69.46% of Entravision's stock, with significant growth from several hedge funds in recent quarters.

Nuveen LLC acquired a new position in shares of Entravision Communications Corporation (NYSE:EVC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 174,355 shares of the company's stock, valued at approximately $366,000. Nuveen LLC owned 0.19% of Entravision Communications as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Entravision Communications during the fourth quarter worth $29,000. Kingsview Wealth Management LLC acquired a new position in Entravision Communications during the 1st quarter worth approximately $31,000. Graham Capital Management L.P. boosted its position in Entravision Communications by 56.9% during the 4th quarter. Graham Capital Management L.P. now owns 17,026 shares of the company's stock worth $40,000 after acquiring an additional 6,175 shares during the last quarter. ProShare Advisors LLC boosted its position in Entravision Communications by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 17,318 shares of the company's stock worth $41,000 after acquiring an additional 5,699 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in Entravision Communications during the 4th quarter worth approximately $46,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Alexandra Seros sold 53,046 shares of Entravision Communications stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $2.53, for a total value of $134,206.38. Following the completion of the transaction, the insider owned 11,601,803 shares of the company's stock, valued at $29,352,561.59. This trade represents a 0.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 400,397 shares of company stock worth $988,951. Corporate insiders own 8.34% of the company's stock.

Entravision Communications Stock Up 0.4%

NYSE:EVC traded up $0.01 during trading hours on Thursday, reaching $2.37. 440,401 shares of the stock were exchanged, compared to its average volume of 183,239. Entravision Communications Corporation has a twelve month low of $1.58 and a twelve month high of $2.73. 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 firm has a 50 day moving average of $2.44 and a 200 day moving average of $2.18. The stock has a market cap of $215.61 million, a PE ratio of -1.80 and a beta of 1.56.

Entravision Communications (NYSE:EVC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.04) earnings per share for the quarter. Entravision Communications had a negative return on equity of 51.15% and a negative net margin of 30.16%.The firm had revenue of $100.74 million for the quarter.

Entravision Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 8.4%. Entravision Communications's dividend payout ratio is -15.15%.

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.