Townsquare Media, Inc. (NYSE:TSQ) Director Stephen A. Kaplan Buys 50,000 Shares

Townsquare Media, Inc. (NYSE:TSQ) Director Stephen A. Kaplan acquired 50,000 shares of Townsquare Media stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the purchase, the director now directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Townsquare Media Trading Up 0.6 %

Townsquare Media stock traded up $0.06 during trading hours on Tuesday, reaching $10.32. The stock had a trading volume of 58,685 shares, compared to its average volume of 54,246. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $156.05 million, a PE ratio of -4.05, a PEG ratio of 0.84 and a beta of 1.36. Townsquare Media, Inc. has a 52 week low of $8.00 and a 52 week high of $13.57. The company has a fifty day simple moving average of $10.73 and a 200-day simple moving average of $11.11.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The company had revenue of $118.23 million during the quarter, compared to the consensus estimate of $117.99 million. Analysts forecast that Townsquare Media, Inc. will post 0.97 EPS for the current fiscal year.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.66%. Townsquare Media’s dividend payout ratio is currently -31.10%.

Analysts Set New Price Targets

TSQ has been the subject of a number of recent analyst reports. StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Monday, August 12th.

Institutional Investors Weigh In On Townsquare Media

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its position in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after purchasing an additional 17,900 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Townsquare Media during the second quarter valued at about $57,000. Boyar Asset Management Inc. increased its holdings in shares of Townsquare Media by 8.7% in the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after purchasing an additional 3,150 shares during the last quarter. Privium Fund Management UK Ltd purchased a new stake in shares of Townsquare Media in the second quarter worth about $232,000. Finally, Rhumbline Advisers boosted its stake in 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 buying an additional 2,481 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

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.