Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $48,200.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the sale, the executive vice president now directly owns 38,068 shares of the company’s stock, valued at approximately $366,975.52. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Scott Schatz also recently made the following trade(s):

• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The shares were sold at an average price of $10.20, for a total transaction of $1,530.00.

Townsquare Media Stock Performance

TSQ stock opened at $9.39 on Friday. Townsquare Media, Inc. has a 1-year low of $9.30 and a 1-year high of $13.57. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80. The firm has a market cap of $145.99 million, a PE ratio of -3.46, a P/E/G ratio of 0.79 and a beta of 1.32. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $10.38.

Townsquare Media Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Institutional Trading of Townsquare Media

A number of large investors have recently bought and sold shares of TSQ. Bank of New York Mellon Corp boosted its holdings in shares of Townsquare Media by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company’s stock valued at $1,759,000 after buying an additional 6,768 shares during the period. Ritholtz Wealth Management boosted its stake in Townsquare Media by 19.8% in the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after purchasing an additional 5,600 shares during the period. Rhumbline Advisers increased its holdings 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 purchasing an additional 2,481 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media in the 2nd quarter valued at about $232,000. Finally, Boyar Asset Management Inc. grew its holdings in shares of Townsquare Media by 8.7% during the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after buying an additional 3,150 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

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.