Townsquare Media, Inc. (NYSE:TSQ) COO Sells $54,750.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $10.95, for a total value of $54,750.00. Following the completion of the sale, the chief operating officer now directly owns 718,222 shares of the company’s stock, valued at approximately $7,864,530.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Erik Hellum also recently made the following trade(s):

• On Tuesday, March 26th, Erik Hellum sold 1,480 shares of Townsquare Media stock. The stock was sold at an average price of $10.90, for a total transaction of $16,132.00.
• On Wednesday, March 20th, Erik Hellum sold 3,380 shares of Townsquare Media stock. The stock was sold at an average price of $11.03, for a total transaction of $37,281.40.
• On Thursday, December 28th, Erik Hellum sold 31,182 shares of Townsquare Media stock. The shares were sold at an average price of $10.97, for a total value of $342,066.54.
• On Tuesday, December 26th, Erik Hellum sold 6,915 shares of Townsquare Media stock. The stock was sold at an average price of $10.78, for a total value of $74,543.70.

Townsquare Media Trading Up 2.2 %

Shares of NYSE:TSQ opened at $10.95 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 50.41. Townsquare Media, Inc. has a 12-month low of $7.89 and a 12-month high of $12.65. The business has a 50 day moving average of $10.76 and a two-hundred day moving average of $9.97. The company has a market capitalization of $182.10 million, a PE ratio of -4.00, a PEG ratio of 0.64 and a beta of 1.37.

Townsquare Media Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be paid a $0.198 dividend. This is a boost from Townsquare Media’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Thursday, April 4th. Townsquare Media’s payout ratio is currently -27.37%.

Analysts Set New Price Targets

Several brokerages have commented on TSQ. Guggenheim lifted their price objective on shares of Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Friday, March 15th.

Institutional Trading of Townsquare Media

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading L.P. purchased a new stake in shares of Townsquare Media during the 1st quarter worth about $40,000. Citigroup Inc. purchased a new position in Townsquare Media during the second quarter worth approximately $41,000. California State Teachers Retirement System acquired a new stake in Townsquare Media in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC increased its position in shares of Townsquare Media by 169.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after buying an additional 2,890 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC purchased a new stake in shares of Townsquare Media in the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.