Townsquare Media (NYSE:TSQ) CEO Bill Wilson Sells 21,420 Shares

Townsquare Media, Inc. (NYSE:TSQ) CEO Bill Wilson sold 21,420 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $5.54, for a total transaction of $118,666.80. Following the completion of the sale, the chief executive officer directly owned 2,979,061 shares of the company’s stock, valued at approximately $16,503,997.94. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Bill Wilson also recently made the following trade(s):

• On Tuesday, August 11th, Bill Wilson sold 126,744 shares of Townsquare Media stock. The shares were sold at an average price of $5.61, for a total transaction of $711,033.84.

Townsquare Media Price Performance

TSQ stock traded up $0.14 during trading on Wednesday, reaching $5.65. The company had a trading volume of 99,409 shares, compared to its average volume of 126,037. Townsquare Media, Inc. has a 52 week low of $4.30 and a 52 week high of $7.97. The business has a 50 day moving average of $6.50 and a 200 day moving average of $6.49. The company has a market cap of $96.61 million, a P/E ratio of -1.96, a PEG ratio of 24.79 and a beta of 1.22.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Townsquare Media had a negative return on equity of 5.59% and a negative net margin of 11.82%.The business had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $114.74 million. Research analysts expect that Townsquare Media, Inc. will post 0.02 earnings per share for the current year.

Townsquare Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 26th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 14.2%. The ex-dividend date of this dividend is Monday, October 26th. Townsquare Media’s dividend payout ratio is presently -27.78%.

Analyst Ratings Changes

TSQ has been the topic of a number of research reports. Barrington Research restated an “outperform” rating and set a $10.00 target price on shares of Townsquare Media in a report on Monday, May 11th. Weiss Ratings lowered shares of Townsquare Media from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research lowered shares of Townsquare Media from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $10.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Raymond James Financial Inc. bought a new stake in Townsquare Media in the second quarter worth $33,000. Algert Global LLC bought a new position in shares of Townsquare Media during the third quarter valued at $72,000. XTX Topco Ltd bought a new position in shares of Townsquare Media during the fourth quarter valued at $83,000. Occudo Quantitative Strategies LP purchased a new position in shares of Townsquare Media in the 2nd quarter worth about $101,000. Finally, Cetera Investment Advisers bought a new position in Townsquare Media in the 1st quarter worth about $129,000. Institutional investors own 71.69% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.