Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay Sells 5,000 Shares

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at $2,001,342.45. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, December 18th, Claire Marie Yenicay sold 500 shares of Townsquare Media stock. The stock was sold at an average price of $9.85, for a total value of $4,925.00.

Townsquare Media Price Performance

NYSE:TSQ traded up $0.04 during trading hours on Thursday, hitting $9.65. The company’s stock had a trading volume of 46,242 shares, compared to its average volume of 53,291. Townsquare Media, Inc. has a twelve month low of $9.47 and a twelve month high of $13.57. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $10.40. The company has a market capitalization of $150.03 million, a P/E ratio of -3.56, a PEG ratio of 0.79 and a beta of 1.32.

Townsquare Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors 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 8.19%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Thursday, November 7th.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management boosted its holdings in shares of Townsquare Media by 19.8% during the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock valued at $371,000 after acquiring an additional 5,600 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Townsquare Media during the second quarter worth about $57,000. Finally, Renaissance Technologies LLC increased its stake in shares of Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after buying an additional 17,900 shares during the period. 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.