Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $46,100.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.22, for a total value of $46,100.00. Following the completion of the sale, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at approximately $1,981,866.66. This trade represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, December 20th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00.
• On Wednesday, December 18th, Claire Marie Yenicay sold 500 shares of Townsquare Media stock. The stock was sold at an average price of $9.85, for a total transaction of $4,925.00.

Townsquare Media Stock Up 4.6 %

Townsquare Media stock opened at $10.00 on Friday. The company has a 50 day moving average of $9.90 and a 200-day moving average of $10.34. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a twelve month low of $8.90 and a twelve month high of $13.57. The stock has a market capitalization of $155.47 million, a PE ratio of -3.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.31.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s payout ratio is presently -29.15%.

Institutional Trading of Townsquare Media

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

Analysts Set New Price Targets

A number of research firms recently commented on TSQ. Barrington Research restated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Townsquare Media Company Profile

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.