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

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the completion of the sale, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at $1,981,866.66. This trade represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, December 20th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00.
• On Wednesday, December 18th, Claire Marie Yenicay sold 500 shares of Townsquare Media stock. The shares were sold at an average price of $9.85, for a total value of $4,925.00.

Townsquare Media Trading Up 5.2 %

NYSE:TSQ opened at $9.56 on Friday. Townsquare Media, Inc. has a 52 week low of $8.90 and a 52 week high of $13.57. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. The company has a market cap of $148.63 million, a PE ratio of -3.53, a P/E/G ratio of 0.79 and a beta of 1.32. The business’s 50 day moving average is $9.90 and its two-hundred day moving average is $10.35.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.26%. Townsquare Media’s payout ratio is -29.15%.

Analyst Ratings Changes

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

Institutional Trading of Townsquare Media

Several institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC acquired a new position in shares of Townsquare Media in the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. acquired a new position in Townsquare Media in the second quarter valued at approximately $57,000. BNP Paribas Financial Markets grew its holdings 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 during the last quarter. Rhumbline Advisers raised its position in shares of 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 purchasing an additional 2,481 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media during the 2nd quarter worth approximately $232,000. Institutional investors own 71.69% of the company’s stock.

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.