Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells 5,000 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the completion of the sale, the executive vice president now owns 207,393 shares in the company, valued at $2,001,342.45. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $4,925.00.

Townsquare Media Stock Performance

Shares of Townsquare Media stock opened at $9.39 on Friday. The stock has a market cap of $145.99 million, a PE ratio of -3.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32. Townsquare Media, Inc. has a 12 month low of $9.30 and a 12 month high of $13.57. 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 business has a fifty day simple moving average of $9.96 and a 200-day simple moving average of $10.38.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.1975 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.41%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Hedge Funds Weigh In On Townsquare Media

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Townsquare Media by 0.4% during the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the period. BNP Paribas Financial Markets lifted its position in Townsquare Media by 28.9% in the 3rd 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 stake in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the period. Boyar Asset Management Inc. grew its holdings in shares of Townsquare Media by 8.7% during the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Townsquare Media in the third quarter worth $39,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSQ. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research report on Thursday, November 7th.

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.