Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $46,100.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,981,866.66. This trade represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 shares were sold at an average price of $9.85, for a total transaction of $4,925.00.

Townsquare Media Stock Performance

Shares of Townsquare Media stock opened at $10.00 on Friday. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $9.90 and a 200 day simple moving average of $10.34. Townsquare Media, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $13.57. The firm has a market cap of $155.47 million, a P/E ratio of -3.69, a P/E/G ratio of 0.79 and a beta of 1.31.

Townsquare Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.90%. Townsquare Media’s payout ratio is currently -29.15%.

Wall Street Analyst Weigh In

TSQ has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a report on Thursday, November 7th. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Hedge Funds Weigh In On Townsquare Media

Several large investors have recently made changes to their positions in TSQ. Barclays PLC raised its holdings in Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the last quarter. State Street Corp raised its stake in shares of Townsquare Media by 4.0% during the third 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. Ritholtz Wealth Management lifted its holdings in Townsquare Media by 19.8% in the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock valued at $371,000 after buying an additional 5,600 shares during the period. BNP Paribas Financial Markets boosted its stake in Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after acquiring an additional 2,481 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.