Townsquare Media, Inc. (NYSE:TSQ) COO Sells $94,996.90 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 9,223 shares of Townsquare Media stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.30, for a total value of $94,996.90. Following the completion of the transaction, the chief operating officer now owns 607,680 shares in the company, valued at approximately $6,259,104. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Townsquare Media Trading Down 1.2 %

Shares of Townsquare Media stock opened at $10.09 on Friday. The firm’s 50 day simple moving average is $10.64 and its two-hundred day simple moving average is $11.09. The firm has a market capitalization of $155.29 million, a price-to-earnings ratio of -3.97, a PEG ratio of 0.88 and a beta of 1.36. Townsquare Media, Inc. has a 12-month low of $8.00 and a 12-month high of $13.57. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). The company had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $117.99 million. Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. Analysts predict that Townsquare Media, Inc. will post 0.97 EPS for the current year.

Townsquare Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date of this dividend is Tuesday, October 15th. Townsquare Media’s dividend payout ratio is presently -31.10%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Townsquare Media in the 2nd quarter worth approximately $57,000. Virtu Financial LLC acquired a new stake in Townsquare Media during the 1st quarter valued at approximately $124,000. Rhumbline Advisers boosted its holdings in shares of Townsquare Media by 24.4% in the 2nd 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 last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media in the second quarter worth $232,000. Finally, Ritholtz Wealth Management increased its stake in shares of Townsquare Media by 19.8% in the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after acquiring an additional 5,600 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research note on Monday, August 12th.

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.