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

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the transaction, the executive vice president now owns 207,393 shares in the company, valued at $2,001,342.45. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $9.85, for a total value of $4,925.00.

Townsquare Media Stock Performance

Shares of NYSE:TSQ opened at $9.39 on Friday. The firm’s 50 day simple moving average is $9.99 and its 200-day simple moving average is $10.39. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. Townsquare Media, Inc. has a one year low of $9.30 and a one year high of $13.57. The firm has a market cap of $145.99 million, a PE ratio of -3.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32.

Townsquare Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after acquiring an additional 14,109 shares in the last quarter. Geode Capital Management LLC increased its position in Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after purchasing an additional 1,151 shares during the period. State Street Corp increased its position in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Townsquare Media by 28.9% in the 3rd 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. Finally, Copeland Capital Management LLC purchased a new stake in shares of Townsquare Media in the 3rd quarter worth approximately $39,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSQ has been the subject of a number of research analyst reports. StockNews.com raised 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 target price on shares of Townsquare Media in a research report on Thursday, November 7th.

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.