Claire Marie Yenicay Sells 5,000 Shares of Townsquare Media, Inc. (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.22, for a total transaction of $46,100.00. Following the sale, the executive vice president now owns 214,953 shares in the company, valued at approximately $1,981,866.66. The trade was a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 transaction 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 transaction of $4,925.00.

Townsquare Media Trading Up 5.2 %

Shares of TSQ stock traded up $0.47 during trading hours on Thursday, reaching $9.56. 79,999 shares of the stock were exchanged, compared to its average volume of 53,889. The firm has a market capitalization of $148.63 million, a price-to-earnings ratio of -3.53, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32. Townsquare Media, Inc. has a 12-month low of $8.90 and a 12-month high of $13.57. The company’s 50-day moving average price is $9.90 and its 200-day moving average price is $10.35. 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 company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.26%. Townsquare Media’s payout ratio is currently -29.15%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TSQ shares. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Privium Fund Management UK Ltd purchased a new stake in shares of Townsquare Media in the 2nd quarter worth approximately $232,000. Renaissance Technologies LLC lifted its holdings in Townsquare Media by 3.9% during the second 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 during the period. Barclays PLC boosted its position in Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after acquiring an additional 14,109 shares in the last quarter. State Street Corp increased its holdings 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 acquiring an additional 6,800 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Townsquare Media by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company’s stock valued at $1,759,000 after acquiring an additional 6,768 shares during the period. 71.69% of the stock is currently owned by institutional investors.

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.