Townsquare Media, Inc. (NYSE:TSQ) EVP Sells $24,278.24 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 2,968 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $8.18, for a total value of $24,278.24. Following the transaction, the executive vice president now owns 234,933 shares in the company, valued at $1,921,751.94. This trade represents a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Claire Marie Yenicay also recently made the following trade(s):

• On Monday, December 30th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.22, for a total value of $46,100.00.

Townsquare Media Trading Down 2.6 %

NYSE:TSQ opened at $8.10 on Friday. Townsquare Media, Inc. has a 12-month low of $7.56 and a 12-month high of $13.57. The firm has a market cap of $130.50 million, a PE ratio of -2.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The stock has a fifty day moving average price of $8.58 and a 200 day moving average price of $9.45.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The business had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $116.41 million. During the same quarter last year, the business posted $0.34 EPS. Equities analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.88%. Townsquare Media’s dividend payout ratio is currently -69.57%.

Wall Street Analysts Forecast Growth

TSQ has been the subject of a number of research analyst reports. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Thursday. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Townsquare Media in a research note on Tuesday, March 18th. Finally, Noble Financial reaffirmed an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a research note on Friday, January 24th.

Institutional Investors Weigh In On Townsquare Media

A number of hedge funds and other institutional investors have recently modified their holdings of TSQ. Two Sigma Advisers LP increased its holdings in Townsquare Media by 130.7% in the fourth quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $942,000 after buying an additional 58,700 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Townsquare Media by 129.9% in the 4th quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock valued at $841,000 after acquiring an additional 52,299 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Townsquare Media during the 4th quarter worth about $369,000. Northern Trust Corp lifted its stake in Townsquare Media by 25.1% during the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock worth $1,317,000 after purchasing an additional 29,019 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Townsquare Media by 77.6% in the fourth quarter. Two Sigma Investments LP now owns 62,859 shares of the company’s stock valued at $571,000 after purchasing an additional 27,458 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.