Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz Sells 4,594 Shares

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 4,594 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total transaction of $44,332.10. Following the transaction, the executive vice president now directly owns 31,366 shares in the company, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scott Schatz also recently made the following trade(s):

• On Monday, December 23rd, Scott Schatz sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.64, for a total transaction of $48,200.00.
• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The shares were sold at an average price of $10.20, for a total transaction of $1,530.00.

Townsquare Media Price Performance

Shares of NYSE:TSQ traded down $0.16 on Monday, hitting $9.23. The company had a trading volume of 94,835 shares, compared to its average volume of 53,509. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80. The company has a market cap of $143.50 million, a PE ratio of -3.41, a PEG ratio of 0.79 and a beta of 1.32. Townsquare Media, Inc. has a 52-week low of $9.10 and a 52-week high of $13.57. The business has a 50 day moving average of $9.96 and a 200 day moving average of $10.38.

Townsquare Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSQ shares. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a report on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Townsquare Media

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Townsquare Media by 4.4% during 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 purchasing an additional 6,768 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Townsquare Media by 19.8% in the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after buying an additional 5,600 shares during the last quarter. Rhumbline Advisers lifted 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 buying an additional 2,481 shares during the last quarter. Privium Fund Management UK Ltd bought a new position in shares of Townsquare Media in the 2nd quarter worth about $232,000. Finally, Boyar Asset Management Inc. raised its stake in Townsquare Media by 8.7% during the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after acquiring an additional 3,150 shares during the period. 71.69% of the stock is 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.