Townsquare Media (NYSE:TSQ) COO Sells 6,522 Shares

by · The Markets Daily

Townsquare Media, Inc. (NYSE:TSQ – Get Free Report) COO Erik Hellum sold 6,522 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $5.57, for a total value of $36,327.54. Following the completion of the sale, the chief operating officer directly owned 969,648 shares of the company’s stock, valued at approximately $5,400,939.36. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Erik Hellum also recently made the following trade(s):

  • On Friday, January 16th, Erik Hellum sold 7,437 shares of Townsquare Media stock. The stock was sold at an average price of $5.54, for a total value of $41,200.98.
  • On Monday, December 29th, Erik Hellum sold 5,693 shares of Townsquare Media stock. The stock was sold at an average price of $5.06, for a total value of $28,806.58.

Townsquare Media Trading Up 2.9%

Shares of NYSE:TSQ traded up $0.16 during trading on Wednesday, reaching $5.76. 113,172 shares of the company traded hands, compared to its average volume of 73,221. Townsquare Media, Inc. has a 52-week low of $4.30 and a 52-week high of $9.38. The firm has a market capitalization of $94.82 million, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.72 and a beta of 0.88. The business’s fifty day moving average is $5.14 and its 200-day moving average is $6.28.

Townsquare Media (NYSE:TSQ – Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $106.76 million for the quarter, compared to the consensus estimate of $107.96 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. On average, sell-side analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Monday, January 26th. Townsquare Media’s dividend payout ratio is 77.67%.

Institutional Trading of Townsquare Media

Several institutional investors and hedge funds have recently bought and sold shares of TSQ. Access Investment Management LLC purchased a new position in shares of Townsquare Media in the 2nd quarter valued at approximately $3,160,000. Truffle Hound Capital LLC purchased a new stake in Townsquare Media in the second quarter worth $1,186,000. RBF Capital LLC raised its holdings in Townsquare Media by 862.7% in the second quarter. RBF Capital LLC now owns 422,931 shares of the company’s stock worth $3,345,000 after purchasing an additional 379,000 shares in the last quarter. American Century Companies Inc. lifted its position in Townsquare Media by 18.0% during the second quarter. American Century Companies Inc. now owns 856,651 shares of the company’s stock valued at $6,776,000 after buying an additional 130,537 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of Townsquare Media during the 2nd quarter valued at $227,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSQ has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a report on Monday, December 29th. Wall Street Zen lowered Townsquare Media from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Barrington Research reduced their target price on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

Read Our Latest Report on Townsquare Media

Townsquare Media Company Profile

(Get Free Report)

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.

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