Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $44,332.10 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 4,594 shares of Townsquare Media stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total transaction of $44,332.10. Following the transaction, the executive vice president now owns 31,366 shares of the company’s stock, valued at $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Scott Schatz also recently made the following trade(s):

• On Monday, December 23rd, Scott Schatz sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.64, for a total value of $48,200.00.
• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The shares were sold at an average price of $10.20, for a total value of $1,530.00.

Townsquare Media Price Performance

NYSE TSQ opened at $9.09 on Thursday. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $141.32 million, a price-to-earnings ratio of -3.35, a PEG ratio of 0.79 and a beta of 1.32. The stock has a 50-day moving average of $9.91 and a 200 day moving average of $10.35. Townsquare Media, Inc. has a one year low of $8.90 and a one year 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 given 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 yield of 8.69%. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TSQ shares. StockNews.com upgraded shares of 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 set a $17.00 price target on shares of Townsquare Media in a report on Thursday, November 7th.

Institutional Investors Weigh In On Townsquare Media

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Townsquare Media by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after buying an additional 1,151 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the period. Boyar Asset Management Inc. lifted its stake in shares of Townsquare Media by 8.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after purchasing an additional 3,150 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of Townsquare Media in the third quarter worth approximately $39,000. Institutional investors own 71.69% of the company’s stock.

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.