Townsquare Media, Inc. (NYSE:TSQ) COO Sells $54,750.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 5,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $10.95, for a total value of $54,750.00. Following the sale, the chief operating officer now owns 718,222 shares in the company, valued at approximately $7,864,530.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Erik Hellum also recently made the following trade(s):

• On Tuesday, March 26th, Erik Hellum sold 1,480 shares of Townsquare Media stock. The shares were sold at an average price of $10.90, for a total value of $16,132.00.
• On Wednesday, March 20th, Erik Hellum sold 3,380 shares of Townsquare Media stock. The shares were sold at an average price of $11.03, for a total transaction of $37,281.40.
• On Thursday, December 28th, Erik Hellum sold 31,182 shares of Townsquare Media stock. The stock was sold at an average price of $10.97, for a total transaction of $342,066.54.
• On Tuesday, December 26th, Erik Hellum sold 6,915 shares of Townsquare Media stock. The shares were sold at an average price of $10.78, for a total transaction of $74,543.70.

Townsquare Media Price Performance

TSQ opened at $10.95 on Thursday. Townsquare Media, Inc. has a 1 year low of $7.89 and a 1 year high of $12.65. The company’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $9.97. The stock has a market capitalization of $182.10 million, a PE ratio of -4.00, a P/E/G ratio of 0.64 and a beta of 1.37. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.74 and a current ratio of 1.74.

Townsquare Media Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be issued a $0.198 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Thursday, April 4th. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. Townsquare Media’s dividend payout ratio (DPR) is -27.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on TSQ shares. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Friday, March 15th. Guggenheim upped their target price on Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th.

Institutional Trading of Townsquare Media

A number of institutional investors and hedge funds have recently made changes to their positions in TSQ. Tower Research Capital LLC TRC boosted its holdings in Townsquare Media by 169.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after acquiring an additional 2,890 shares during the last quarter. Group One Trading L.P. purchased a new position in shares of Townsquare Media in the 1st quarter worth about $40,000. Citigroup Inc. acquired a new position in shares of Townsquare Media in the 2nd quarter valued at about $41,000. California State Teachers Retirement System purchased a new stake in shares of Townsquare Media during the 2nd quarter worth about $46,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in Townsquare Media during the 2nd quarter worth approximately $63,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.