Entravision Communication (NYSE:EVC) Director Gilbert R. Vasquez Buys 100,000 Shares

Entravision Communication (NYSE:EVC) Director Gilbert R. Vasquez bought 100,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $3.07 per share, with a total value of $307,000.00. Following the purchase, the director now directly owns 415,169 shares of the company’s stock, valued at $1,274,568.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gilbert R. Vasquez also recently made the following trade(s):

  • On Wednesday, May 29th, Gilbert R. Vasquez purchased 15,000 shares of Entravision Communication stock. The shares were purchased at an average price of $3.25 per share, for a total transaction of $48,750.00.

Shares of NYSE EVC traded up $0.11 during midday trading on Wednesday, hitting $2.98. The company’s stock had a trading volume of 208,600 shares, compared to its average volume of 327,196. Entravision Communication has a one year low of $2.56 and a one year high of $5.68. The company has a quick ratio of 4.35, a current ratio of 4.35 and a debt-to-equity ratio of 0.86. The firm has a market cap of $251.14 million, a P/E ratio of 22.92 and a beta of 1.18.

Entravision Communication (NYSE:EVC) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The company had revenue of $64.68 million for the quarter. Entravision Communication had a net margin of 5.21% and a return on equity of 3.82%. Equities analysts expect that Entravision Communication will post 0.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Thursday, June 13th. Entravision Communication’s dividend payout ratio (DPR) is presently 153.85%.

A number of institutional investors have recently bought and sold shares of EVC. Bank of New York Mellon Corp increased its holdings in Entravision Communication by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,154 shares of the company’s stock worth $5,028,000 after acquiring an additional 50,554 shares during the period. JPMorgan Chase & Co. increased its holdings in Entravision Communication by 6.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 307,669 shares of the company’s stock worth $1,508,000 after acquiring an additional 17,789 shares during the period. MetLife Investment Advisors LLC increased its holdings in Entravision Communication by 51.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 48,654 shares of the company’s stock worth $238,000 after acquiring an additional 16,511 shares during the period. Vanguard Group Inc. increased its holdings in Entravision Communication by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,378,577 shares of the company’s stock worth $16,555,000 after acquiring an additional 118,729 shares during the period. Finally, Vanguard Group Inc grew its stake in Entravision Communication by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 3,378,577 shares of the company’s stock worth $16,555,000 after buying an additional 118,729 shares in the last quarter. 59.01% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Entravision Communication from a “sell” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Tuesday, May 21st. Noble Financial reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Entravision Communication in a research report on Sunday, May 19th.

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About Entravision Communication

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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