Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells 4,594 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 4,594 shares of Townsquare Media stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the completion of the transaction, the executive vice president now owns 31,366 shares in the company, valued at approximately $302,681.90. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, December 23rd, Scott Schatz sold 5,000 shares of Townsquare Media stock. The stock was sold at an average price of $9.64, for a total value of $48,200.00.
• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The stock was sold at an average price of $10.20, for a total transaction of $1,530.00.

Townsquare Media Price Performance

Shares of NYSE:TSQ traded down $0.16 during mid-day trading on Monday, reaching $9.23. The stock had a trading volume of 94,835 shares, compared to its average volume of 53,509. The business’s 50 day moving average price is $9.96 and its 200 day moving average price is $10.38. Townsquare Media, Inc. has a 1 year low of $9.10 and a 1 year high of $13.57. The company has a market cap of $143.50 million, a P/E ratio of -3.41, a price-to-earnings-growth 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.56%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in shares of Townsquare Media by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after buying an additional 17,900 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Townsquare Media by 0.4% in the third 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 period. State Street Corp lifted its stake in shares of Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the period. Bank of New York Mellon Corp raised its position 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 worth $1,759,000 after acquiring an additional 6,768 shares during the period. Finally, Boyar Asset Management Inc. grew its position 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 during the period. 71.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.