Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) COO Sells $182,568.30 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 18,166 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares of the company’s stock, valued at $5,654,934. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 26th, Erik Hellum sold 1,196 shares of Townsquare Media stock. The stock was sold at an average price of $10.24, for a total transaction of $12,247.04.
• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The shares were sold at an average price of $10.30, for a total transaction of $94,996.90.

Townsquare Media Trading Down 1.7 %

TSQ opened at $10.17 on Friday. Townsquare Media, Inc. has a 1-year low of $8.00 and a 1-year high of $13.57. The stock has a market capitalization of $153.78 million, a PE ratio of -4.00, a PEG ratio of 0.88 and a beta of 1.36. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The firm has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $11.09.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results 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). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The company had revenue of $118.23 million during the quarter, compared to analyst estimates of $117.99 million. As a group, equities analysts anticipate that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.

Townsquare Media Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 7.77%. The ex-dividend date of this dividend is Tuesday, October 15th. Townsquare Media’s dividend payout ratio (DPR) is presently -31.10%.

Hedge Funds Weigh In On Townsquare Media

Hedge funds have recently added to or reduced their stakes in the company. Access Investment Management LLC raised its holdings in Townsquare Media by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after purchasing an additional 2,140 shares during the last quarter. Rhumbline Advisers grew its position in shares of 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 buying an additional 2,481 shares during the period. Gabelli Funds LLC raised its stake in shares of Townsquare Media by 5.1% during the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $655,000 after buying an additional 3,000 shares during the last quarter. Boyar Asset Management Inc. lifted its holdings in Townsquare Media by 8.7% in the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after buying an additional 3,150 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Townsquare Media by 8.9% in the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after acquiring an additional 3,469 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TSQ. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

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.