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 business’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 sale, the executive vice president now owns 214,953 shares of the company’s stock, valued at approximately $1,981,866.66. The trade was a 2.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $9.85, for a total value of $4,925.00.

Townsquare Media Trading Up 4.6 %

NYSE TSQ opened at $10.00 on Friday. The stock has a 50-day simple moving average of $9.90 and a 200 day simple moving average of $10.34. The company has a market capitalization of $155.47 million, a PE ratio of -3.69, a P/E/G 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, Inc. has a 12 month low of $8.90 and a 12 month high of $13.57.

Townsquare Media Dividend Announcement

The business 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. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a yield of 7.90%. Townsquare Media’s dividend payout ratio is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC bought a new stake in Townsquare Media in the third quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in Townsquare Media in the second quarter valued at about $57,000. BNP Paribas Financial Markets grew its stake in Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares during the period. Rhumbline Advisers grew its stake in Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new position in Townsquare Media in the second quarter valued at about $232,000. Institutional investors own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

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

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.