Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $24,278.24 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 2,968 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $8.18, for a total transaction of $24,278.24. Following the completion of the sale, the executive vice president now directly owns 234,933 shares in the company, valued at $1,921,751.94. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 30th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The stock was sold at an average price of $9.22, for a total transaction of $46,100.00.

Townsquare Media Stock Performance

Shares of NYSE TSQ opened at $8.10 on Friday. The firm has a market cap of $130.50 million, a P/E ratio of -2.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. Townsquare Media, Inc. has a 1 year low of $7.56 and a 1 year high of $13.57. The firm’s 50 day moving average price is $8.58 and its 200 day moving average price is $9.45.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $117.81 million for the quarter, compared to analysts’ expectations of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.88%. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio is currently -69.57%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TSQ. Wells Fargo & Company MN increased its position in Townsquare Media by 56.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after purchasing an additional 2,259 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Townsquare Media during the 4th quarter worth $69,000. Russell Investments Group Ltd. boosted its holdings in Townsquare Media by 1,086.0% in the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after acquiring an additional 7,700 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Townsquare Media by 47.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after acquiring an additional 8,700 shares during the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Thursday. Noble Financial reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Townsquare Media in a research note on Friday, January 24th. Finally, Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Townsquare Media in a research report on Tuesday, March 18th.

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.