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 value of $24,278.24. Following the sale, the executive vice president now owns 234,933 shares of the company’s stock, valued at $1,921,751.94. The trade was a 1.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $9.22, for a total value of $46,100.00.

Townsquare Media Price Performance

NYSE:TSQ opened at $8.32 on Friday. Townsquare Media, Inc. has a one year low of $7.56 and a one year high of $13.57. The company has a market cap of $134.03 million, a PE ratio of -3.07, a P/E/G ratio of 0.58 and a beta of 1.33. The firm’s 50 day simple moving average is $8.60 and its 200 day simple moving average is $9.46.

Townsquare Media (NYSE:TSQ) last issued 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 for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.34 earnings per share. Equities research analysts expect that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be paid a $0.20 dividend. This is a positive change 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 9.62%. The ex-dividend date of this dividend is Thursday, April 17th. Townsquare Media’s payout ratio is currently -69.57%.

Institutional Trading of Townsquare Media

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Townsquare Media by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the period. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 1,503 shares during the period. Sei Investments Co. boosted its position in Townsquare Media by 2.1% during the fourth quarter. Sei Investments Co. now owns 72,426 shares of the company’s stock valued at $658,000 after acquiring an additional 1,513 shares during the last quarter. Access Investment Management LLC grew its holdings in Townsquare Media by 0.5% during the 4th quarter. Access Investment Management LLC now owns 398,450 shares of the company’s stock worth $3,622,000 after acquiring an additional 1,985 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Townsquare Media by 56.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after purchasing an additional 2,259 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Townsquare Media in a report on Tuesday, March 18th. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Noble Financial reissued an “outperform” rating and set a $21.00 price objective on shares of Townsquare Media in a report 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.