Insider Selling: Townsquare Media, Inc. (NYSE:TSQ) EVP Sells 2,968 Shares of 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 transaction of $24,278.24. Following the sale, the executive vice president now directly owns 234,933 shares of the company’s stock, valued at approximately $1,921,751.94. This trade represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 %

Townsquare Media stock opened at $8.10 on Friday. Townsquare Media, Inc. has a 52 week low of $7.56 and a 52 week high of $13.57. The stock has a market cap of $130.50 million, a P/E ratio of -2.99, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The stock has a 50 day moving average of $8.58 and a 200-day moving average 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 for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $117.81 million during the quarter, compared to analyst estimates of $116.41 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period last year, the business earned $0.34 EPS. As a group, equities analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSQ. Two Sigma Investments LP increased its holdings in shares of Townsquare Media by 77.6% in the 4th quarter. Two Sigma Investments LP now owns 62,859 shares of the company’s stock valued at $571,000 after acquiring an additional 27,458 shares during the last quarter. Two Sigma Advisers LP increased its stake in Townsquare Media by 130.7% during the fourth quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $942,000 after purchasing an additional 58,700 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Townsquare Media by 129.9% during the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock worth $841,000 after purchasing an additional 52,299 shares during the period. Bank of America Corp DE lifted its position in shares of Townsquare Media by 13.0% in the 4th quarter. Bank of America Corp DE now owns 51,988 shares of the company’s stock worth $473,000 after buying an additional 6,000 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Townsquare Media by 25.1% in the 4th quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock worth $1,317,000 after buying an additional 29,019 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSQ. Barrington Research reiterated an “outperform” rating and issued a $15.00 target price on shares of Townsquare Media in a research note on Tuesday, March 18th. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Noble Financial reiterated an “outperform” rating and set a $21.00 price objective on shares of Townsquare Media in a research note on Friday, January 24th.

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.