Patrick M. Walsh Sells 25,000 Shares of Emmis Communications Co. (EMMS) Stock

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Emmis Communications Co. (NASDAQ:EMMS) COO Patrick M. Walsh sold 25,000 shares of the business’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $4.60, for a total transaction of $115,000.00. Following the sale, the chief operating officer now directly owns 255,759 shares in the company, valued at $1,176,491.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Emmis Communications stock traded up $0.06 during trading hours on Friday, reaching $3.86. The stock had a trading volume of 2,201 shares, compared to its average volume of 26,793. The company has a market cap of $53.48 million, a P/E ratio of 1.54 and a beta of 0.80. Emmis Communications Co. has a twelve month low of $2.83 and a twelve month high of $5.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.59 and a current ratio of 0.59.

Emmis Communications (NASDAQ:EMMS) last issued its quarterly earnings data on Thursday, October 11th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $32.06 million during the quarter. Emmis Communications had a return on equity of 41.04% and a net margin of 28.32%.

Separately, TheStreet downgraded shares of Emmis Communications from a “c” rating to a “d+” rating in a research report on Monday, October 15th.

An institutional investor recently raised its position in Emmis Communications stock. Dimensional Fund Advisors LP lifted its stake in shares of Emmis Communications Co. (NASDAQ:EMMS) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,534 shares of the company’s stock after purchasing an additional 13,628 shares during the period. Dimensional Fund Advisors LP owned about 1.29% of Emmis Communications worth $759,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 35.16% of the company’s stock.

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Emmis Communications Company Profile

Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 11 FM and 3 AM radio stations in New York, Los Angeles, Indianapolis, and Austin, as well as publishes Indianapolis monthly magazine.

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