Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells 4,594 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 4,594 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total transaction of $44,332.10. Following the completion of the transaction, the executive vice president now directly owns 31,366 shares of the company’s stock, valued at $302,681.90. This represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $48,200.00.
• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The stock was sold at an average price of $10.20, for a total transaction of $1,530.00.

Townsquare Media Price Performance

TSQ stock opened at $9.09 on Thursday. The stock has a market cap of $141.32 million, a PE ratio of -3.35, a P/E/G 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 has a 50-day moving average price of $9.91 and a 200 day moving average price of $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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders 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 annualized dividend and a dividend yield of 8.69%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Privium Fund Management UK Ltd purchased a new position in shares of Townsquare Media in the 2nd quarter valued at $232,000. Renaissance Technologies LLC increased its holdings in shares of Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after acquiring an additional 17,900 shares in the last quarter. Barclays PLC raised its holdings in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after buying an additional 14,109 shares during the last quarter. State Street Corp raised its position in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after buying an additional 6,800 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Townsquare Media by 4.4% during 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. 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.