Gate City Capital Management LLC Acquires 668,031 Shares of Entravision Communications Co. (NYSE:EVC)

Gate City Capital Management LLC increased its stake in Entravision Communications Co. (NYSE:EVC - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,473,634 shares of the company's stock after purchasing an additional 668,031 shares during the quarter. Entravision Communications comprises about 14.9% of Gate City Capital Management LLC's portfolio, making the stock its biggest holding. Gate City Capital Management LLC owned 11.64% of Entravision Communications worth $24,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of EVC. The Manufacturers Life Insurance Company acquired a new stake in Entravision Communications in the 4th quarter valued at about $29,000. Walleye Capital LLC acquired a new stake in Entravision Communications during the 4th quarter worth about $32,000. Marshall Wace LLP acquired a new stake in Entravision Communications during the 4th quarter worth about $45,000. MetLife Investment Management LLC acquired a new stake in Entravision Communications during the 4th quarter worth about $46,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Entravision Communications during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 69.46% of the company's stock.

Entravision Communications Price Performance

NYSE EVC remained flat at $1.90 on Friday. The company's stock had a trading volume of 330,222 shares, compared to its average volume of 354,640. The company's fifty day moving average price is $1.95 and its 200 day moving average price is $2.21. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. The company has a market cap of $172.85 million, a price-to-earnings ratio of -1.53 and a beta of 1.47. Entravision Communications Co. has a 12-month low of $1.58 and a 12-month high of $2.73.

Entravision Communications (NYSE:EVC - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter. Entravision Communications had a negative return on equity of 12.03% and a negative net margin of 14.25%.

Entravision Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 16th. This represents a $0.20 annualized dividend and a yield of 10.53%. Entravision Communications's payout ratio is presently -12.27%.

Entravision Communications Profile

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.