Townsquare Media, Inc. (NYSE:TSQ) COO Sells $182,568.30 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 18,166 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $10.05, for a total value of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares of the company’s stock, valued at $5,654,934. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Erik Hellum also recently made the following trade(s):

• On Thursday, September 26th, Erik Hellum sold 1,196 shares of Townsquare Media stock. The shares were sold at an average price of $10.24, for a total transaction of $12,247.04.
• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90.

Townsquare Media Stock Performance

Shares of TSQ opened at $10.17 on Friday. The firm has a market cap of $153.78 million, a P/E ratio of -4.00, a PEG ratio of 0.88 and a beta of 1.36. Townsquare Media, Inc. has a twelve month low of $8.00 and a twelve month high of $13.57. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50 day moving average price is $10.49 and its two-hundred day moving average price is $11.09.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.28). The company had revenue of $118.23 million during the quarter, compared to the consensus estimate of $117.99 million. Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. On average, analysts forecast that Townsquare Media, Inc. will post 0.97 EPS for the current fiscal year.

Townsquare Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 7.77%. Townsquare Media’s dividend payout ratio is currently -31.10%.

Institutional Investors Weigh In On Townsquare Media

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Townsquare Media by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after acquiring an additional 12,073 shares during the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 17,900 shares during the last quarter. Access Investment Management LLC grew its position in Townsquare Media by 0.5% in the second quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock valued at $4,340,000 after purchasing an additional 2,140 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 buying an additional 6,768 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after buying an additional 8,079 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSQ. Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Monday, August 12th. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.