Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $48,250.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the completion of the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at $2,001,342.45. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Claire Marie Yenicay also recently made the following trade(s):

• On Wednesday, December 18th, Claire Marie Yenicay sold 500 shares of Townsquare Media stock. The shares were sold at an average price of $9.85, for a total transaction of $4,925.00.

Townsquare Media Stock Performance

Shares of TSQ traded up $0.04 during trading hours on Thursday, hitting $9.65. The company had a trading volume of 46,242 shares, compared to its average volume of 53,291. The business has a fifty day moving average of $10.00 and a 200-day moving average of $10.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. The firm has a market cap of $150.03 million, a price-to-earnings ratio of -3.56, a PEG ratio of 0.79 and a beta of 1.32. Townsquare Media, Inc. has a 12 month low of $9.47 and a 12 month high of $13.57.

Townsquare Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be issued a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.19%. Townsquare Media’s dividend payout ratio is currently -29.15%.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new stake in Townsquare Media during the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. bought a new position in Townsquare Media during the 2nd quarter worth $57,000. BNP Paribas Financial Markets lifted its holdings in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after buying an additional 1,503 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Townsquare Media in the second quarter valued at about $232,000. Institutional investors own 71.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research restated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th.

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.