Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay Sells 2,968 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 2,968 shares of Townsquare Media stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $8.18, for a total transaction of $24,278.24. Following the completion of the sale, the executive vice president now owns 234,933 shares in the company, valued at $1,921,751.94. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 0.5 %

TSQ stock opened at $8.32 on Friday. Townsquare Media, Inc. has a 1-year low of $7.56 and a 1-year high of $13.57. The business’s 50 day simple moving average is $8.60 and its 200 day simple moving average is $9.46. The firm has a market capitalization of $134.03 million, a PE ratio of -3.07, a PEG ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Monday, March 17th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $117.81 million for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be given a $0.20 dividend. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 9.62%. Townsquare Media’s dividend payout ratio is presently -69.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Noble Financial reissued an “outperform” rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, January 24th. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Townsquare Media in a research note on Tuesday, March 18th. Finally, StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Trading of Townsquare Media

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Townsquare Media by 56.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after buying an additional 2,259 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media during the 4th quarter worth approximately $69,000. Russell Investments Group Ltd. grew its position in shares of Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Townsquare Media by 47.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after buying an additional 8,700 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

About Townsquare Media

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.