Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $48,250.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the sale, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Claire Marie Yenicay also recently made the following trade(s):

• 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 Stock Down 2.7 %

Townsquare Media stock opened at $9.39 on Friday. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. Townsquare Media, Inc. has a one year low of $9.30 and a one year high of $13.57. The company has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $10.38. The firm has a market capitalization of $145.99 million, a P/E ratio of -3.46, a P/E/G ratio of 0.79 and a beta of 1.32.

Townsquare Media Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.41%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TSQ. StockNews.com raised shares of 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 issued a $17.00 target price on shares of Townsquare Media in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Townsquare Media

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in shares of Townsquare Media in the third quarter worth $39,000. Meeder Asset Management Inc. bought a new stake in shares of Townsquare Media during the 2nd quarter worth about $57,000. BNP Paribas Financial Markets lifted its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares during the period. Rhumbline Advisers boosted its holdings in shares of 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 in the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in Townsquare Media during the second quarter worth approximately $232,000. 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.