Founders Financial Securities LLC purchased a new stake in shares of Entravision Communications Co. (NYSE:EVC – Free Report) 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 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.
Get Our Latest Analysis on EVC
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.
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