16,500 Shares in Entravision Communications Co. (NYSE:EVC) Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC purchased a new stake in shares of Entravision Communications Co. (NYSE:EVC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 16,500 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in shares of Entravision Communications by 51.2% during the 1st quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock valued at $40,000 after purchasing an additional 8,280 shares in the last quarter. Rhumbline Advisers grew its position in Entravision Communications by 15.5% during the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock valued at $195,000 after buying an additional 12,880 shares during the period. Bank of New York Mellon Corp increased its holdings in Entravision Communications by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock valued at $1,430,000 after buying an additional 25,681 shares in the last quarter. Empowered Funds LLC raised its position in shares of Entravision Communications by 8.2% in the first quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock worth $602,000 after acquiring an additional 27,792 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Entravision Communications during the 4th quarter worth about $187,000. 69.46% of the stock is owned by institutional investors and hedge funds.

Entravision Communications Trading Down 1.8 %

Shares of EVC stock opened at $1.95 on Friday. Entravision Communications Co. has a 1-year low of $1.33 and a 1-year high of $4.41. The company has a market cap of $174.11 million, a price-to-earnings ratio of -2.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.04 and a quick ratio of 3.04. The stock has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $2.13.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter. The company had revenue of $82.65 million during the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%.

Entravision Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 10.28%. Entravision Communications’s dividend payout ratio (DPR) is presently -26.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Entravision Communications from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th.

Entravision Communications Company 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.