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 firm’s stock in a transaction on Monday, December 30th. The stock was 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 $1,981,866.66. The trade was a 2.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $9.65, for a total value of $48,250.00.
• 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 Price Performance

TSQ traded up $0.47 during midday trading on Thursday, hitting $9.56. 79,999 shares of the company traded hands, compared to its average volume of 53,889. The business has a 50 day simple moving average of $9.90 and a two-hundred day simple moving average of $10.35. Townsquare Media, Inc. has a 52-week low of $8.90 and a 52-week high of $13.57. The company has a market capitalization of $148.63 million, a price-to-earnings ratio of -3.53, a PEG ratio of 0.79 and a beta of 1.32. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80.

Townsquare Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be issued a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 8.26%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s payout ratio is -29.15%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research 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.

Hedge Funds Weigh In On Townsquare Media

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after buying an additional 14,109 shares in the last quarter. Geode Capital Management LLC raised its holdings in Townsquare Media by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after acquiring an additional 1,151 shares during the last quarter. State Street Corp lifted its stake in Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after purchasing an additional 6,800 shares in the last quarter. 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 worth $68,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Townsquare Media during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.